Egypt debt
Egypt said on Tuesday that it aims to strike a balance between promoting economic growth, enhancing Egypt’s competitiveness, and maintaining fiscal discipline amidst regional challenges.
These efforts aim at strengthening the economy’s resilience in the face of various challenges, the president said, as he reviewed fiscal policy priorities for the 2026/2027 budget on Tuesday, the Presidency said in a statement.
The plans include implementing targeted tax and customs facilitation measures and expanding the tax base by increasing compliance without imposing new burdens on citizens or businesses, the Presidency said.
Discussions reviewed mechanisms for enhancing financial and monetary stability, securing funding for key sectors, and supporting domestic market needs.
The Egyptian government remains steadfast in its commitment to reducing debt levels. The target is to bring the debt-to-GDP ratio down to 88 percent in the current fiscal year and below 80 percent by FY2026/2027.
