Dr.
Mohamed Moait, Minister of Finance, stressed that we are continuing to improve the structure of the national economy, and the development of the tax system through the application of international best practices, the most important of which is the general framework of the Organization for Economic Cooperation and Development, and work to integrate the informal economy into the official economy; In a manner that ensures the achievement of tax justice and improving the efficiency of resource collection.
The minister said, during his meeting with Dr.
Soahisil Nizara, Deputy Minister of Finance, on the sidelines of their participation in the “Climate Summit”, that Egypt is working to achieve the targets of the “new republic”, by developing various business systems to create a more attractive environment for investments, and enhancing partnership with the sector The private; As economic growth locomotive, in a way that contributes to increasing growth rates, job opportunities, and improving the standard of living of citizens, pointing out that the “climate summit” is a good opportunity to highlight the difficult financial situation of emerging economies and developing countries and its effects on climate work and development, so that it is launched A new path for consultations regarding encouraging directing investments compatible with sustainable development goals and shedding light on successful experiences in countries to benefit and generalize them.
The minister pointed out that the chasing of global crises clearly affected the global economy, as the crisis of climate change is more complicated, in addition to what the global economy suffers from until now from the effects of the Korona virus that followed the outbreak of the war in Europe.
In response to a question about Egypt’s experience in building the new capital, where the Indonesian state intends to build a new capital also to deal with the population increase in Indonesia, we are ready to transfer the Egyptian experience in implementing major national projects, as building the new administrative capital did not cost The state’s public treasury has no burdens, and its costs have been funded through the establishment of a specialized company for this matter, relying on the participation of the private sector, and the government intends to fully move to the administrative capital by June 2023.
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