{"id":682098,"date":"2026-01-04T00:00:00","date_gmt":"2026-01-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=682098"},"modified":"2026-01-20T12:36:17","modified_gmt":"2026-01-20T12:36:17","slug":"tax-facilitations-pull-egp-1-tn-into-the-formal-economy-says-kouchouk","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/tax-facilitations-pull-egp-1-tn-into-the-formal-economy-says-kouchouk\/","title":{"rendered":"Tax facilitations pull EGP 1 tn into the formal economy, says Kouchouk"},"content":{"rendered":"

Finance Minister Ahmed <\/strong>Kouchouk discussed debt and tax in an interview with <\/strong>Hadret El Mowaten's Sayed Ali<\/strong> last night (watch, runtime: 16:41<\/a>).<\/p>\n

Tax facilities are bringing cash <\/strong>into the light:<\/strong> The ministry\u2019s package of tax facilities is yielding early dividends in formalizing the economy, with over EGP 1 tn in previously \"hidden\" economic activity reported and EGP 80 bn in tax payments collected as a direct result of these filings.<\/p>\n

Tax revenue grew 35% during the first five months of the current fiscal year,<\/strong> matching last year\u2019s growth rate. Kouchouk signaled that the budget deficit is on a steady downward trajectory, forecasting better performance this fiscal year compared to the historical average.<\/p>\n

Where\u2019s the long-awaited public debt strategy? <\/strong>The government will hold a press conference in the coming weeks to unveil its comprehensive debt management strategy<\/a>, Kouchouk said, adding that the strategy will focus on long-term structural debt reduction. He reiterated the Prime Minister\u2019s December pledge<\/a> to bring external debt down to levels not seen in half a century.<\/p>\n

(** 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","protected":false},"excerpt":{"rendered":"

Finance Minister Ahmed Kouchouk discussed debt and tax in an interview with Hadret El Mowaten's Sayed Ali last night (watch, runtime: 16:41). Tax facilities are bringing cash into the light: The ministry\u2019s package of tax facilities is yielding early dividends in formalizing the economy, with over EGP 1 tn in previously \"hidden\" economic activity reported […]<\/p>\n","protected":false},"author":1,"featured_media":682099,"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":[7232],"tags":[782,104,72,106],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-682098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-last-nights-talk-shows","tag-ahmed-kouchouk","tag-economy","tag-enterpriseam","tag-last-nights-talk-shows","wpautop","entry"],"acf":{"mongo_id":"b3549d98-2f4b-413d-b5a9-4fdd4c475b57","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/2649.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Tax facilitations pull EGP 1 tn into Egypt\u2019s formal economy, says Kouchouk","related_issue":[682079],"teaser":""},"yoast_head":"\nTax facilitations pull EGP 1 tn into the formal economy, says Kouchouk - 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\/2026\/01\/04\/tax-facilitations-pull-egp-1-tn-into-the-formal-economy-says-kouchouk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax facilitations pull EGP 1 tn into the formal economy, says Kouchouk\" \/>\n<meta property=\"og:description\" content=\"Finance Minister Ahmed Kouchouk discussed debt and tax in an interview with Hadret El Mowaten's Sayed Ali last night (watch, runtime: 16:41). 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Finance Minister Ahmed Kouchouk yesterday announced a long list of tax reforms that aim to reduce tax burdens and increase clarity for taxpayers. 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According to Kouchouk, agreements with 77 companies have so far been signed to settle EGP 6.5 bn-worth of overdues in exchange for expansions and\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\/2020\/2\/149.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556255,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/new-business-incentives-are-in-the-works-at-the-finance-ministry-heres-the-rundown-from-vice-minister-of-finance-ahmed-kouchouk\/","url_meta":{"origin":682098,"position":4},"title":"New business incentives are in the works at the Finance Ministry \u2014 here\u2019s the rundown from Vice Minister of Finance Ahmed Kouchouk","author":"enterpriseam admin","date":"18 October 2021","format":false,"excerpt":"EXCLUSIVE- FinMin has a few incentives in the works for the private sector: Growing Egypt\u2019s tax base has always been a mandate of the Finance Ministry. And while a significant portion of that during the 2016 economic reform agenda had been focused on roping in as many business into the\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/188.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560055,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/14\/last-nights-talk-shows-on-14-february-2021\/","url_meta":{"origin":682098,"position":5},"title":"Last Night\u2019s Talk Shows on 14 February 2021","author":"enterpriseam admin","date":"14 February 2021","format":false,"excerpt":"The highlight of last night\u2019s talk shows: Kelma Akhira\u2019s Lamees El Hadidi\u2019s extensive chat with IMF Managing Director Kristalina Georgieva on the state of (and outlook for) the global economy, progress on vaccine programs around the world, and what the fund thinks Egypt is doing right and wrong. Tap \/\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/682098","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=682098"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/682098\/revisions"}],"predecessor-version":[{"id":682180,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/682098\/revisions\/682180"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/682079"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/682099"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=682098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=682098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=682098"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=682098"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=682098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}