Ahmed Kouchouk, Egypt's newly appointed Minister of Finance, outlined a comprehensive vision aimed at bolstering economic stability and fostering a resilient economic future in a statement after the swearing-in ceremony.

"Our financial policies will reflect the priorities set by the Egyptian President and the government's agenda for the upcoming phase," Minister Kouchouk stated, underscoring the role of these policies in enhancing citizens' living standards and improving public services.

"In our pursuit of financial discipline, we aim to maintain a significant primary surplus equivalent to 3.5% of GDP this fiscal year," Kouchouk affirmed, outlining measures to achieve sustainable reductions in debt and deficit rates, capped by a target debt ceiling of 88.2% of GDP.

He pledged proactive measures to alleviate the financial burdens on Egyptians amidst the implementation of the state's new fiscal year budget, focusing on expanding social protection through targeted programs to mitigate the impact of inflation.

Highlighting the ongoing structural reforms in Egypt's economy, Kouchouk affirmed the government's commitment to stimulating private sector growth. "The private sector is pivotal in driving comprehensive and sustainable development," he asserted, outlining initiatives designed to promote production, boost exports, and increase local industry participation, thereby enhancing the competitiveness of Egyptian products.

Minister Kouchouk prioritized human development as a cornerstone of public spending, particularly in the health and education sectors. He emphasized their crucial role in advancing overall development and supporting various sectors of the economy.

Addressing economic risks posed by global and regional crises, Kouchouk assured proactive management to mitigate external and internal shocks, safeguarding the Egyptian economy and its citizens.