Infographic: Timeline of Egypt’s economic reform since 2014

CAIRO - 29 June 2017: Facing increasing and chronic economic troubles, Egypt’s authorities launched an ambitious reform program in November 2016 to reinstate macroeconomic stability and promote inclusive growth to revive an economy that has, since 2011, been hit by political instability and regional security concerns.

One key target of Egypt’s reform program is to restrain a high budget deficit and public debt, a goal that many governments have tried to achieve since President Abdel Fatah al-Sisi’s inauguration in July 2014.


Timeline of Egypt's Economic Reform


During the six years following the 2011 revolution, public debt leapt from 70% of GDP in 2009/2010 to 95% in 2015/16. The overall fiscal deficit also widened from 7% to 8% of GDP to 10% to 13%.