EGP 48 Billion Allocated for Export Support in New Budget to Boost Economy

Ahmed Kouchouk, Egypt's Minister of Finance, announced the allocation of EGP 48 billion in the current fiscal year's budget to support exports and cover export burdens. This represents the largest financial allocation benefiting exporters. The minister emphasized that export support and promotion top the state's financial policy priorities, aiming to enhance the competitiveness of the Egyptian economy.

Export as a Key Pillar for Economic Growth

Kouchouk stated that exports serve as a fundamental pillar for achieving sustainable economic growth. He explained that any increase in export volumes reflects the private sector's capacity to expand production, compete in global markets, and create more job opportunities. This growth directly contributes to economic and social stability.

Opening New Markets and Diversifying Exports

The Minister of Finance highlighted that the government is working in coordination with various relevant authorities to open new markets for Egyptian products. These efforts aim to increase and diversify exports, ensuring sustainable economic growth by enhancing the competitiveness of Egyptian exports in regional and international markets, thereby supporting various productive sectors.