Minister of Finance Ahmed Kouchouk mentioned on Monday, June 15, 2026, that the Egyptian economic system continues to succeed in forged expansion in spite of ongoing regional traits and geopolitical demanding situations, expressing delight within the efficiency of Egypt’s economic system throughout its numerous sectors.
In unique remarks to Egyptian Tv overdue Sunday, the Minister mentioned that the economic system recorded a expansion charge exceeding 5.2 % throughout the primary 9 months of the present fiscal 12 months, reflecting sturdy momentum throughout a couple of sectors.
The Minister of Finance emphasised that personal funding stays an important indicator of monetary efficiency, noting that private-sector investments expanded by means of 70 % throughout the former 12 months.
Kouchouk additional highlighted the outstanding expansion in exports of knowledge generation products and services and virtual consulting, revealing that revenues from those sectors have larger sixfold when put next with earlier ranges. He added that international direct funding throughout the primary part of the present fiscal 12 months exceeded US$7 billion.
He additional mentioned that the tourism sector could also be experiencing powerful expansion, along persevered growth in telecommunications and production. He added that Egypt maintains a wholesome degree of foreign currencies reserves, additional strengthening the economic system’s resilience.
The Minister additional mentioned that the development and expansion completed by means of the Egyptian economic system are the results of a collective executive effort, mirrored in disciplined fiscal control and a dedication to keeping up budgetary balance with out deviation from established objectives.
He additionally introduced the allocation of EGP 1 billion to settle and disburse long-outstanding pension entitlements owed to former workers of Maspero, Egypt’s state broadcasting and tv advanced.
Kouchouk mentioned that Egypt’s state privatization and public choices program is contributing immediately to expanding funding, stressing that this system is progressing “very well” and {that a} portion of the proceeds is being reinvested to modernize firms and make stronger their operational potency.
The Minister asserted that the federal government is fascinated by attaining sustainable productiveness expansion, whilst bettering the operational efficiency of state-owned enterprises.
He famous that a number of new providing transactions are lately being ready and are anticipated to be introduced within the coming length.
Kouchouk mentioned 2026 will witness plenty of top of the range transactions, emphasizing the federal government’s complete dedication to imposing the choices prior to now introduced.
He underscored that the principle purpose is to maximise returns on state belongings and make stronger the usage of underperforming or low-yield belongings.
Kouchouk reiterated that the federal government’s broader financial technique can be targeted on bettering potency, attracting private-sector funding, and producing sustainable expansion, thereby strengthening the economic system’s capability to create price and toughen long-term building goals.
MENA
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