The Minister of Finance . After the approval of the IMF on the third review

"A message of reassurance" that reflects the ability of the Egyptian economy to enhance economic stability, achieve financial and development targets, and enhance social protection programs

The state’s public finance showed cohesion and flexibility in the face of global and regional economic challenges

Good indicators to perform the budget during the past fiscal year and ambitious indicators of the current year despite the uncomfortable pressure and external conditions Committed to working continuously to reduce the rate and burdens of debt for the local product in the medium term, according to an integrated strategy.

Financial policies aim to create sufficient spaces to increase spending on health, education, social protection and reduce burdens on citizens.We continue in structural and corrective economic reforms so that the private sector leads the locomotive of development and economic growth.

Improving the business climate and the tax and customs system to stimulate the investment flows of the private sector and enhance its contributions to the Egyptian economy. We expect to obtain the third segment of the economic reform program worth $ 820 million in the coming days

Ahmed Kajuk, Minister of Finance, stressed that the approval of the Board of Directors of the International Monetary Fund to review the third review of the economic reform program is a "confidence certificate" in the Egyptian government program, with its financial and economic reforms and targets, and "a message of reassurance" also reflects the ability of the Egyptian economy to strengthen Economic stability, achieving financial and development targets, and promoting social protection programs, explaining that we expect to obtain the third segment of the economic reform program worth $ 820 million in the coming days. 

After the approval of the Board of Directors of the International Monetary Fund for the third review in the framework of the economic reform program, the minister said that the state’s general finance showed cohesion and flexibility in facing the global and regional economic challenges related to geopolitical tensions and the related negative repercussions that extend to the high prices of commodity and services in a severe inflationary wave As a result of the disruption of supply and supply chains, the increase in financing costs, and the continued lack of certainty in international markets.

The minister added that the Egyptian government was able to achieve good indicators to perform the budget during the fiscal year. The current fiscal year began with ambitious indicators despite economic pressures and unfavorable external conditions that affect the domestic economic situation, pointing out that we are committed to continuous work to reduce the rate and burden of debt to GDP in the medium term according to an integrated strategy.

 The Minister pointed out that financial policies aim to create sufficient spaces to increase spending on health, education, social protection and reduce burdens on citizens, explaining that we are continuing in structural and corrective economic reforms so that the private sector leads the locomotive of development and economic growth, as we aim to improve the business climate and the tax and customs system to stimulate flows Investment for the private sector and enhancing its contributions to the Egyptian economy.