Debt to GDP
Discussions reviewed mechanisms for enhancing financial and monetary stability, securing funding for key sectors, and supporting domestic market needs.
Kouchouk emphasized that Egypt’s immediate goal is to reduce the country’s debt-to-GDP ratio to 85 percent by the end of the current fiscal year during an economic conference on Monday
During a recent visit to London, Finance Minister Ahmed Kouchok addressed over 200 investors from major financial institutions and investment banks across several meetings, presenting a comprehensive strategy aimed at stabilizing and transforming the nation's economy
The Ministry of Finance will adopt a “targeted strategy” to reduce the debt-to-GDP ratio to less than 80% by June 2027.
Seen by the Arab World News Agency, the report shares that Goldman Sachs predicts the country’s real GDP growth to average between 6-6.5 percent for FY2025/202
There is an annual ceiling for the debt of budget entities and economic bodies that cannot be exceeded except with the approval of the President, the Cabinet, and the House of Representatives.
Egypt’s debt-to-GDP ratio hit 95.6 percent in FY2022/2023, with the GDP recording LE 9.8 trillion ($318,23 billion)
