CAIRO – 13 August 2024: President Abdel Fattah El-Sisi met Tuesday with Prime Minister Moustafa Madbouly, and Minister of Finance Ahmed Kouchouk, to follow-up on the financial performance and public budget updates.
The meeting discussed the government’s efforts to attain the budget targets and achieve a fiscal balance, while continuing the implementation of development programs. Those aim for bolstering the competitiveness of the national economy, improve productivity, achieve higher growth rates, enhance the indexes of the public budget, and reduce government debt.
President El-Sisi placed high priority on continuing intensive efforts to curb inflation, through integrated and consistent programs and policies. He stressed that this should take place in parallel with ensuring the availability of goods and services in the markets, and continuing to increase expenditure on health, education, and social protection sectors. The president also asserted the need to enhance the quality of services provided in these sectors to the citizens.
The meeting equally focused on mechanisms pertinent to accomplishing achieve tax stability in order to spur investment flows as part of efforts to boost economic growth rates.
In a related context, President El-Sisi was briefed on efforts made by the government and the Ministry of Finance to implement the presidential directives on preparing a comprehensive package of tax incentives to govern and improve services as well as the relationship between investors and the tax authority.
These measures initially include maximizing the utilization of the advanced technological infrastructure to improve the tax system and realize tangible progress in terms of enhancing the confidence with the business community and building a genuine development partnership between the state and the private sector.
Be Social
Comments
Leave a Comment