Minister of Finance
He pointed out that the timing, size and type of offering will be determined later.
This came in a statement released by the Finance Ministry on Sunday on the outcome of Maait's meeting with Head of the Sudanese Customs Authority Bashir Al Taher and his accompanying delegation.
Since the beginning of the implementation of the initiatives to return the “arrears” of the dues of the exporting companies in October 2019 so far, the exporting companies have been supported with LE 28 billion; It is a support that was not previously allocated to the export sector, reflecting the state's keenness to stimulate exports.
Maait added that the real estate tax is one of the oldest types of taxes in the legislative system, noting that it is a tax imposed when real estate is disposed of by sale, and the burden of which is borne by the seller, not the buyer.
We are moving ahead with our reform and development march through achieving a balance and flexibility among the adopted financial and economic policies, Maait said in a statement Thursday.
Maait, in statements Monday, talked about serious action to seal deals with big private hospitals and health centers in all governorates.
Maait said the aim of issuing Sukuks is to finance the state general budget, as well as investment and development projects included in the budget.
It is part and parcel of a national project to build a comprehensive digital administrative system, the minister said.
Maait called on the customs officials to continue their duties and facilitate the procedures in a way that beefs up investments.
These indicators come in the ministry’s plan to gradually improve the economic indicators in the economic indicators.
The Egyptian Minister of Finance Mohamed Maait, confirmed Tuesday, that the reduction of debt is greatly reflected on citizens in improving their daily lives, increasing investments, creating job opportunities and improving the services provided to them at the level of the Republic.
Minister of Finance clarified that this comes as a result of the expansion of development investments that reflect the success of the state, in achieving a balance between preserving the health of citizens and turning the wheel of the national economy.
Economic bodies, totaling 57, are the pillars of economic activities in Egypt and they contribute to improving business climate in a way that serves national economy.
The minister hailed cooperation with the Egyptian Customs Authority with regard to implementing the ACI system.
The minister said that the general budget and governmental accounting laws, which govern the Egyptian financial performance, had been merged into the unified general finance law after amendments.
Maait added in a TV interview that more than LE 100 billion has been spent to support the sectors affected by coronavirus.
This came during the Finance Minister's presentation of the financial statement on the draft state budget for the fiscal year 2021/2022, before the plenary session of the House of Representatives, on Sunday, headed by Counselor Hanafy Gabali.
This came within the framework of the national project for upgrading and mechanizing the customs administration.
He also hoped that the Egyptian-Sudanese joint economic committee would exert more efforts to remove all trade barriers.
The minister cited reports issued by international economic institutions about Egypt’s economy and their optimistic and positive outlook on Egypt’s economic performance for the coming years.
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