The official spokesperson for the Presidency of the Republic stated that President Abdel Fattah El-Sisi reviewed the results of the follow-up on the tax facilitation initiative as of June 19, 2025. The Minister of Finance explained that the number of requests for tax dispute settlements had reached 110,000, while revised or new tax declarations exceeded 450,000. This indicates growing taxpayer confidence in the initiative. These new and amended declarations have revealed an additional tax value of EGP 54.76 billion. Moreover, 52,901 small business taxpayers have benefited from the tax incentive program.
The meeting, led by Ambassador Mohamed El-Shenawy, also addressed the Ministry of Finance’s updated plan for international issuances for the fiscal year 2024–2025. The government successfully reduced external debt by an amount ranging between $1 billion and $2 billion annually. The meeting discussed the impact of geopolitical events—such as the ongoing conflict between Iran and Israel—on global markets.
Additionally, the government’s financial performance from July 2024 to May 2025 was reviewed, with results showing a significant primary surplus and a 36% growth in tax revenues. This growth occurred without introducing any new financial burdens on citizens, alongside continued efforts to rationalize public expenditures.
Another meeting, chaired by the Minister of Finance, addressed the key objectives of the 2024–2025 fiscal year. Discussions included the debt-to-GDP ratio for government budget entities, the development of tax revenues, growth rates, the status of wages, and public investment levels. Progress on the implementation of reforms under the International Monetary Fund (IMF) program was also reviewed.
President Sisi directed during the meeting that Egypt benefit from international experiences to enhance financial and tax policies, boost investment and production, and reinforce financial discipline. He emphasized the importance of supporting social protection, advancing human development, and taking necessary financial precautions in light of evolving regional conditions.