In this regard, Minister of Finance, Mohamed Maait, said that the recent changes made to the Unified Public Finance Law offer legislative tools that allow Egypt to effectively manage deficit and debt levels in relation to the gross domestic product.
Maait stated that 737 field campaigns involving 50,000 establishments have been conducted in Cairo and other areas revealing a compliance rate of 66% for income tax registration and 49% for value-added tax registration
Minister of Finance, Mohamed Maait, said during a meeting with Prime Minister, Mostafa Madbouly, to follow up on the recent developments of the export burden rebate program.
He added that Egypt will allocate EGP 575 billion for wages, EGP 636 billion for subsidies, grants, and social benefits, with EGP 144 billion reserved for basic food supplies and EGP 154 billion for petroleum product subsidies.
Egypt's Minister of Finance, Dr. Mohamed Maait, underscores strides in comprehensive health insurance reform.
