Ministry of Finance Introduces New Plan to Settle LE 60 Billion in Exporter Dues
Under this plan, LE 30 billion will be disbursed over four consecutive fiscal years, from 2024–2025 to 2027–2028. Payments will be issued twice a year, in May and November.
Additionally, LE 25 billion has been set aside to settle outstanding debts owed to the Tax and Customs Authorities. A portion of this amount will be used to clear old liabilities, while the rest will be credited to exporting companies.
Moreover, LE 5 billion has been allocated for settling debts owed to gas and electricity providers. Similar to the tax and customs settlements, this allocation will be used to pay off past debts, with the remaining funds serving as credit for exporters.
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