Egypt's Tax Revenues Rise by 38% in First Half of FY2024/2025

Egypt's tax revenues increased by 38% during the first half of the fiscal year 2024/2025, according to Minister of Finance Ahmed Kouchouk. 

The Ministry of Finance attributed this growth to the overall recovery of economic activity and efforts to resolve the foreign exchange crisis. The increase also reflects advancements in tax system automation and efforts to broaden the tax base.

The government is working to restore confidence with the business community through successive facilitation packages, ensuring a tangible transformation in the tax landscape. According to the ministry, these measures have already received a strong and positive response, with businesses showing significant interest in the first phase of tax relief initiatives. 

Non-tax revenues decreased by 2.16% year-on-year, totaling EGP 145 billion. These non-tax revenues include returns from the public offering program of state assets and the management of financial interconnections between state entities, according to data from the Ministry of Finance.