Arab Finance: Ahmed Kouchouk, Minister of Finance, continued his extended dialogue with international investors… and said, in a meeting Organized by the M Foundation. F. G-Hermes, with more than 60 investors Institutionally Foreign Video Conferencing We are committed to three near-term priorities; To ensure financial and economic stability and stimulate the private sector.
Kojok added, “We are proceeding with all seriousness in building bridges of trust between the Tax Authority and the local and foreign business community… and using various financial policy tools to increase the role and space of the private sector and enabling it to lead economic activities… and putting debt and its service to the gross domestic product on a downward path through an integrated strategy.” We are also working to improve external debt indicators.
The Minister indicated that we are keen to achieve our financial and economic goals, within the framework of an ambitious national path for financial and economic reform, explaining that a strong primary surplus worth 90 billion pounds was achieved during the first quarter of the fiscal year, representing more than four times the “achieved” in previous years. .
Kajok confirmed that the size of the external debt of the budget agencies decreased by about $4 billion during the past year, and that the ratio of the budget agencies’ debt to the gross domestic product fell to 89.6% in June 2024 instead of 96% in June 2023.
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