Egypt aims to exceed its tax revenue to surpass LE1T in 2022/23

CAIRO - 9 May 2022: The Egyptian government aims to raise its revenues during the next fiscal year 2022-2023 by 11 percent, with an estimated value of LE 152 billion, on an annual basis, supported by an increase in its tax revenues.

 

The financial statement of the budget stated that Egypt aims to achieve revenues of LE 1.51 trillion during the next fiscal year, compared to expected revenues of LE 1.36 trillion during the current fiscal year.

 

Egypt aims to achieve tax revenues of LE 1.16 trillion during the next fiscal year, compared to expected tax revenues of LE 983.01 billion during the current fiscal year.

 

The government seeks to increase public tax revenues to about LE 589.5 billion during the next fiscal year, and to achieve a value-added tax by about LE  477.59 billion.

 

It also aims to record LE 46.01 billion in customs tax revenues, and LE 55.68 billion from the remaining tax revenues.

 

The country also expects to achieve other revenues of LE 348.14 billion during the next fiscal year, compared to LE 380.6 billion during the current fiscal year.