Kouchouk added that Egypt's general budget achieved a primary surplus of EGP 857 billion during FY2023/2024, compared to about EGP 164 billion in FY2022/2023.
Kouchouk pledged proactive measures to alleviate the financial burdens on Egyptians amidst the implementation of the state's new fiscal year budget, focusing on expanding social protection through targeted programs to mitigate the impact of inflation.
The government is footing a significant part of the bill for the new vehicles, providing participants with current-year models at below-market prices as well as a 7- and 10-year installment plan with a 3% flat annual interest rate
During the inaugural annual conference of the Egyptian Competition Authority (ECA), Kouchouk emphasized the importance of recent legislative measures aimed at abolishing preferential tax treatments across all sectors
Under the patronage of President Abdel Fattah El-Sisi, Egypt’s selection as the first country outside of the founding members to hold a BRICS meeting marks a significant milestone for the country and NDB
