Tuesday 16 December 2025 – 10:18 AM
Ahmed Kjouk confirmed Minister of FinanceHe said that Egypt’s youth are the future, and he called on them to invest in building their capabilities and developing their skills, so that they can be influential among those around them and ensure a better career path.
The minister said, in an open letter to the youth of Egypt: “Work with passion to achieve your dreams, and the return will be more than you expect.”
In an interactive session with university students and young graduates entitled: “The Economy of Opportunities and Youth Empowerment” within the activities of the Egyptian Women’s Summit, hosted by Nile University, Kajouk added: “We are with the youth because they are the owners of the future, and we will strongly support their ideas, activities, initiatives and projects,” explaining that we aim to adopt an integrated strategy to communicate with the youth and create a state of permanent dialogue with them in the language they understand.
The minister said: “Public work… and serving people… is a great honor,” noting that our economy is going well… and the indicators are trending for the better. We are working with every effort to maintain and enhance the path of improvement. We will focus on increasing resources while diversifying sources of income, and giving priority to encouraging and advancing industrialization and export efforts.
He stressed that balanced financial policies have resulted in moving the economy and growing private investments by 73%, pointing out that we believe that our role is to boost economic activity by supporting the business community within a framework of trust and partnership, and we have witnessed strong growth in the productive, industrial, technological and tourism sectors during the last fiscal year.
Debt ratio of budget agencies
Kajok explained that the rate of debt of the budget agencies to the gross domestic product declined by 11% over two years, and we aim to reduce it to less than 80% of the GDP this year. We also reduced the external debt of the budget agencies by $4 billion, and we are continuing on this path.
He pointed out that the bet on the flexibility and vitality of the private sector “was right,” and the tax facilities succeeded with the confidence and response of our partners, saying: “The more we can expand the tax base… we will have more financial space to improve services for financiers and citizens.”
Tax revenue
He added that tax revenues increased by 35% without any additional burdens as a result of the improvement of the economy and the facilitation of the business community, pointing out that the simplified tax system is more motivating and supportive of young businesses, startups, and professionals, and there are easy financing incentives for the first 100,000 who voluntarily join this simplified tax system.
Media personality Dina Abdel Fattah, founder and president of the 50 Most Influential Women Forum, said that the Ministry of Finance’s support and sponsorship of the activities of the Egyptian Women’s Summit, which was attended by more than 5,000 students representing 28 Egyptian and international universities, and the Minister of Finance’s participation in an interactive session with university students and young graduates had a significant impact in enhancing youth confidence in the Egyptian investment climate and encouraging entrepreneurship, as the Minister sent a message of reassurance to youth, reflecting the strength of the economic system in Egypt and the diversity of opportunities available for investment, and provided a comprehensive explanation of the advantages that it brings. It is provided by the state to encourage young people to innovate and start their own projects based on modern technologies in all production and service sectors and technological projects.
She explained that the Egyptian Women’s Summit in its fourth edition included expanded ministerial sessions and specialized interactive discussion panels that included ambassadors, representatives of international institutions, heads of financial institutions and private companies, and entrepreneurs to encourage youth towards entrepreneurship, in addition to an expanded employment fair and interactive workshops, during which a direct space was allocated for young men, final-year students and recent graduates, to meet with institutions and companies operating in all sectors, thus enhancing training and job opportunities.
