16-02-2025
Ministry of Finance Introduces New Plan to Settle LE 60 Billion in Exporter Dues
CAIRO – 16 February 2025: The Ministry of Finance has introduced a new framework for clearing overdue payments to exporting companies through the Export Development Fund. This initiative, detailed in an infographic released on Sunday, covers outstanding dues for shipments made up to June 30, 2024, with a total settlement value of approximately LE 60 billion.
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.
