{"id":556558,"date":"2021-10-31T04:00:34","date_gmt":"2021-10-31T04:00:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/31\/fourth-phase-of-export-subsidy-payout-program-to-launch-in-november\/"},"modified":"2021-10-31T04:00:34","modified_gmt":"2021-10-31T04:00:34","slug":"fourth-phase-of-export-subsidy-payout-program-to-launch-in-november","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/31\/fourth-phase-of-export-subsidy-payout-program-to-launch-in-november\/","title":{"rendered":"Fourth phase of export subsidy payout program to launch in November"},"content":{"rendered":"

The Finance Ministry will launch a fourth phase of its export subsidy <\/strong>program at the start of November<\/strong>, Finance Minister Mohamed Maait said in a statement<\/a> on Thursday. The program<\/a> allows exporters to receive overdue subsidies in a single payment rather than in installments over four to five years, in return for a 15% haircut.<\/p>\n

Some 2.5k exporters have received a<\/strong> combined EGP 30 bn<\/strong> in overdue subsidies<\/strong> since the program launched in November last year, Maait said. Vice Minister of Finance Ahmed Kouchouk earlier this month told us<\/a> that the government had paid out some EGP 23 bn in overdue export subsidies to date.<\/p>\n

The fourth and final phase?<\/strong> The current export subsidy system is set to be replaced by a new program greenlit by the cabinet in June<\/a> that will see the government dole out EGP 8 bn in subsidies this fiscal year, Kouchouk told us. The new system will focus more closely on \u201cthe performance of exporters\u201d \u2014 and introduce a sliding scale of incentives that become larger as an exporter\u2019s use of local components increases, he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Finance Ministry will launch a fourth phase of its export subsidy program at the start of November, Finance Minister Mohamed Maait said in a statement on Thursday. The program allows exporters to receive overdue subsidies in a single payment rather than in installments over four to five years, in return for a 15% haircut. […]<\/p>\n","protected":false},"author":1,"featured_media":556559,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9261],"tags":[72,332,276,98,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-556558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-subsidies","tag-enterpriseam","tag-export-subsidy-fund","tag-finance-ministry","tag-subsidies","tag-trade","wpautop","entry"],"acf":{"mongo_id":"0fdda323-12ba-4afb-befc-55a62a83bcf3","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/10\/325.jpg","photo_position":"above","related_issue":[556546],"teaser":"","voice_url":""},"yoast_head":"\nFourth phase of export subsidy payout program to launch in November - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/31\/fourth-phase-of-export-subsidy-payout-program-to-launch-in-november\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fourth phase of export subsidy payout program to launch in November\" \/>\n<meta property=\"og:description\" content=\"The Finance Ministry will launch a fourth phase of its export subsidy program at the start of November, Finance Minister Mohamed Maait said in a statement on Thursday. The program allows exporters to receive overdue subsidies in a single payment rather than in installments over four to five years, in return for a 15% haircut. 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The payments will be scheduled over a \u201cproportionally\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621743,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/whats-happening-with-the-promised-release-of-export-subsidy-funds-ask-egypts-exporters\/","url_meta":{"origin":556558,"position":1},"title":"What\u2019s happening with the promised release of export subsidy funds, ask Egypt\u2019s exporters","author":"enterpriseam admin","date":"18 November 2018","format":false,"excerpt":"What\u2019s happening with the promised release of export subsidy payments, ask Egypt\u2019s exporters: Egyptian exporters frustrated by what they feel is a lack of action from the government on releasing long-overdue export subsidies are urging Prime Minister Moustafa Madbouly to take action. Egypt\u2019s export councils, along with the Egyptian Businessmen\u2019s\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628262,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/late-export-subsidies-could-be-disbursed-sooner-than-we-thought\/","url_meta":{"origin":556558,"position":2},"title":"Late export subsidies could be disbursed sooner than we thought","author":"enterpriseam admin","date":"28 June 2018","format":false,"excerpt":"EXCLUSIVE- Late export subsidies could be disbursed sooner than we thought: Finance Minister Mohamed Maait will meet with Trade and Industry Minister Amr Nassar early on in the new fiscal year (which starts next week) to devise a strategy for disbursing overdue payments from the Export Subsidy Fund \u2014 an\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602685,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/export-subsidies-to-include-cash-settlements-and-logistical-support\/","url_meta":{"origin":556558,"position":3},"title":"Export subsidies to include cash, settlements and logistical support","author":"enterpriseam admin","date":"3 April 2019","format":false,"excerpt":"Has the export subsidies flap finally settled? The Export Subsidy Fund\u2019s board of directors has agreed to a general strategy framework for reimbursements in an attempt to increase exports and improve the trade balance, according to a Trade Ministry statement (pdf). The new framework, which will come into effect in\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":585777,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/30\/govt-to-hand-out-another-egp-10-bn-in-export-subsidies\/","url_meta":{"origin":556558,"position":4},"title":"Gov\u2019t to hand out another EGP 10 bn in export subsidies","author":"enterpriseam admin","date":"30 April 2023","format":false,"excerpt":"The sixth phase of the program opens for applications in May","rel":"","context":"In "Trade"","block_context":{"text":"Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/950.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599940,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/15\/finance-ministry-mulling-alternative-solutions-to-overdue-export-subsidy-funds\/","url_meta":{"origin":556558,"position":5},"title":"Finance Ministry mulling alternative solutions to overdue export subsidy funds","author":"enterpriseam admin","date":"15 January 2019","format":false,"excerpt":"FinMin looks at alternative ways to disburse delayed export subsidies: The Finance Ministry is looking at different ways to pay out the delayed export subsidies owed to a number of exporters, Finance Minister Mohamed Maait said, according to Al Mal. 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