An economic expert has highlighted that Egypt is grappling with a significant shortfall in financial resources, primarily due to a narrow tax base and insufficient revenue generation. The solution, according to the analysis, lies in implementing broad-based tax reforms to strengthen public finances and ensure equitable contribution across all sectors.
The assessment underscores that taxation remains the dominant source of government income, with no practical alternatives currently available to replace it. Relying on imaginative alternatives rather than concrete fiscal strategies, the expert warned, is unrealistic and lacks grounding in economic reality.
Without structural improvements in tax collection and compliance, the country will continue to face constraints in funding essential services and development initiatives. A more inclusive and enforceable tax system is therefore essential to address the ongoing challenges related to fiscal sustainability.
— news from MSN
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خبير اقتصادي: مصر تواجه أزمة ضعف الموارد والحل في إصلاحات ضريبية شاملة MSN