Egypt Daily News – Today, President Abdel Fattah El-Sisi convened a meeting with Prime Minister Dr. Mostafa Madbouly and Finance Minister Ahmed Kojok to review the financial performance indicators of Egypt’s general budget.
The discussion revolved around the government’s initiatives aimed at meeting budget objectives and ensuring financial equilibrium, all while continuing with developmental programs to boost national economic competitiveness and productivity.
During the meeting, President El-Sisi emphasized the importance of reducing inflation through cohesive programs and policies, ensuring that goods and services remain accessible to citizens.
He urged the government to maintain and enhance spending on critical social sectors such as health, education, and social protection, aiming to elevate the quality of services provided to the populace.
The conversation also included strategies for achieving tax stability, which is deemed essential for attracting investments and fostering economic growth.
The President was informed about the government’s and Finance Ministry’s endeavors to carry out his directives, including the preparation of a comprehensive suite of tax facilitations aimed at optimizing relations between investors and the Tax Authority.
This effort focuses on utilizing advanced technological infrastructure to modernize the tax system, enhance trust within the business community, and foster a robust partnership between the government and the private sector.
Furthermore, the official spokesman indicated that the President underscored the need to strengthen the financial balance of the general budget, enhance state revenues, and invest these resources effectively.
This approach is expected to boost human development spending, which in turn is anticipated to positively impact the national economy, enhance business competitiveness, and improve the living standards of citizens.
