{"id":672263,"date":"2025-09-22T00:00:00","date_gmt":"2025-09-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/22\/finance-ministry-begins-clearing-export-dues-backlog-with-first-tranche-of-direct-payments-2\/"},"modified":"2025-09-22T00:00:00","modified_gmt":"2025-09-22T00:00:00","slug":"finance-ministry-begins-clearing-export-dues-backlog-with-first-tranche-of-direct-payments-2","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/22\/finance-ministry-begins-clearing-export-dues-backlog-with-first-tranche-of-direct-payments-2\/","title":{"rendered":"Finance Ministry begins clearing export dues backlog with first tranche of direct payments"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Some 601 exporters received EGP 368 mn in overdue receivables <\/strong><strong>through the <\/strong><strong>Export Development Fund<\/strong>, concluding the first tranche of the direct payment portion of the state\u2019s mechanism to settle its owed export subsidy arrears, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0YM7LCJncP3M9qoSpRVAxNAdavuZrrf9xzoSK3GzEqUyaB7E8jMx8EjHdxR1a2wGAl\" style=\"\" rel=\"noopener\">statement<\/a> from the Finance Ministry. The move is part of the state\u2019s efforts to clear EGP 60 bn in overdue payments to exporters tied to shipments dating back to before 30 June 2024, which will be done through a combination of banknote disbursements and offset arrangements.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Expect to see more payments like this soon<\/strong>, with exporters set to receive 50% of their dues in banknote installments over four fiscal years, Prime Minister Moustafa Madbouly said when <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b82f2fdd-c8cc-4e3e-af87-78f9e4d0be54\/gov%25e2%2580%2599t-unveils-new-mechanism-to-settle-egp-60-bn-in-exporter-dues\" style=\"\" rel=\"noopener\">announcing the new mechanism<\/a> in January. A total of EGP 8 bn will be paid out every year, while the remaining 50% will be settled through offsets against outstanding or future liabilities with the Tax Authority, Customs Authority, and utility providers like gas and electricity companies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The state is also keen not to let arrears from export subsidy commitments pile up again<\/strong>, with the new mechanism requiring that exporters receive full payments going forward within 90 days and without tax deductions. The state <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/35dbf0dc-ab9c-44fd-b37f-6b81019fa6ec\/gov%25e2%2580%2599t-doubles-upcoming-export-support-program-budget-to-egp-45-bn\" style=\"\" rel=\"noopener\">has committed EGP 45 bn<\/a> for the program this fiscal year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Clearing backlogs and speedy subsidy payments will support the local export market<\/strong>, according to Finance Minister Ahmed Kouchouk. The funds will provide the needed liquidity to facilitate exports and improve Egyptian companies\u2019 competitiveness globally.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The move is part of the state\u2019s efforts to clear EGP 60 bn in overdue payments to exporters tied to shipments dating back to before 30 June 2024<\/p>\n","protected":false},"author":1,"featured_media":672264,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[8516],"tags":[72,276,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-672263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-enterpriseam","tag-finance-ministry","tag-trade","wpautop","entry"],"acf":{"mongo_id":"7efeef3e-23e4-4528-af6b-bb018c488b1a","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/4\/381.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt begins clearing export dues backlog with first tranche of direct payments","related_issue":[672258],"teaser":"The move is part of the state\u2019s efforts to clear EGP 60 bn in overdue payments to exporters tied to shipments dating back to before 30 June 2024","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.c2e25b73-9387-4238-9eee-1fd3734eb78a.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The last official day of the summer is ushering in cooler weather and a news cycle that seems to be sprinting to the finish line.THE BIG STORY TODAY- Some 601 exporters received EGP 368 mn in overdue\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/403.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597200,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/egypts-exporters-have-four-new-ways-to-claim-their-overdue-payments\/","url_meta":{"origin":672263,"position":1},"title":"Egypt\u2019s exporters have four new ways to claim their overdue payments","author":"enterpriseam admin","date":"18 July 2019","format":false,"excerpt":"Exporters now have four new ways through which to claim their overdue payments from the Export Subsidy Fund, according to a letter from the Trade Ministry seen by the press. Under the new framework, exporters could receive discounts on their obligations to the electricity, oil, and investment ministries and claim\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/776.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592690,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/04\/egypt-gives-exporters-egp-600-mn-in-tax-breaks-to-settle-overdue-subsidies\/","url_meta":{"origin":672263,"position":2},"title":"Egypt gives exporters EGP 600 mn in tax breaks to settle overdue subsidies","author":"enterpriseam admin","date":"4 November 2019","format":false,"excerpt":"FinMin gives exporters EGP 600 mn in tax breaks to settle overdue subsidies: The Finance Ministry has settled EGP 600 mn in overdue export subsidies in the past three months via providing tax breaks, Vice Finance Minister Ahmed Kouchouk said. The ministry received some 60 requests from companies looking to\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":599223,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/23\/egypt-to-dedicate-egp-6-bn-annually-in-the-budget-for-exports-subsidies\/","url_meta":{"origin":672263,"position":3},"title":"Egypt to dedicate EGP 6 bn annually in the budget for exports subsidies","author":"enterpriseam admin","date":"23 June 2019","format":false,"excerpt":"Government to dedicate EGP 6 bn per year to export subsidies: The government will set aside EGP 6 bn annually in its budget for export subsidies as of FY2019-2020, Vice Minister of Finance Ahmed Kouchouk said, according to a Trade and Industry Ministry statement. The new program will allow increasing\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":594873,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/finmin-has-paid-exporters-egp-1-4-bn-in-subsidy-arrears-maait\/","url_meta":{"origin":672263,"position":4},"title":"FinMin has paid exporters EGP 1.4 bn in subsidy arrears -Maait","author":"enterpriseam admin","date":"10 September 2019","format":false,"excerpt":"FinMin has paid exporters EGP 1.4 bn in subsidy arrears -Maait: The Finance Ministry has disbursed over the past few weeks EGP 1.4 bn in overdue subsidy payments the government has owed to exporters since last year, Finance Minister Mohamed Maait said yesterday, according to Hapi Journal. A number of\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":594778,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/08\/egyptian-exporters-have-yet-to-receive-support-from-the-government\/","url_meta":{"origin":672263,"position":5},"title":"Egyptian exporters have yet to receive support from the government","author":"enterpriseam admin","date":"8 September 2019","format":false,"excerpt":"Gov\u2019t has yet to settle overdue export subsidies: The Finance Ministry has yet to settle the overdue export subsidies owed to exporters, a number of businesses told Al Masry Al Youm. No contracts have yet been inked since officials reached an agreement in May with the companies to settle the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/120.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/672263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=672263"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/672263\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/672258"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/672264"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=672263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=672263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=672263"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=672263"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=672263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}