Public Debt

President Sisi directs gov't to reduce public debt, budget deficit

Wed, 20 Mar 2024 - 03:07 GMT

El-Sisi also directed to continue and enhance efforts to alleviate burdens on citizens.

National Dialogue to discuss price hikes, public debt in Egypt next week

Thu, 31 Aug 2023 - 03:54 GMT

The National Dialogue will discuss next week top priority issues, including means to face price hike to alleviate its burden on citizens.

Egyptian National Dialogue participants call for drafting legislation to put ceiling on public debt

Wed, 02 Aug 2023 - 09:55 GMT

A number of participants at the Egyptian National Dialogue have suggested drafting a legislation to put a ceiling on public debt amid the global economic crisis and increased debt burden.

Egypt's public debt expected to fall to 86.2% of GDP in June 2020

Wed, 29 Jul 2020 - 04:29 GMT

The Minister of Finance added that the ratio of public debt is expected to decline to 86.2% of GDP in June 2020, compared to 90.4% of GDP in June 2019, 108% of GDP in June 2017 and 95.1% in June 2014.

Egypt's domestic debt hit its lowest in 10 years: cabinet

Sun, 23 Feb 2020 - 12:31 GMT

In 2016/2017, the domestic debt reached its highest rates, recording 94.5 percent of the GDP.

Domestic debt reaches LE4.2T by end of March

Thu, 12 Sep 2019 - 11:45 GMT

Domestic public debt represented 79 percent of gross domestic product (GDP) by the end of March, compared to 77.1 percent by the end of 2018.

Italian Agency highlights Egypt’s target to reduce public debt to 77.5%

Sun, 18 Aug 2019 - 04:21 GMT

According to the Agency, the fiscal year 2021/2022 will witness a decline in the public debt ratio of GDP to less than before 2011.

Sisi urges working to reduce public debt, budget deficit

Mon, 15 Jul 2019 - 11:01 GMT

Sisi urged carrying out reforms in order to enhance confidence in the Egyptian economy.

Finance Ministry starts working on reducing public debt to 80%

Thu, 07 Mar 2019 - 02:33 GMT

The plan also aims at reducing the rate of total budget deficit to about 7 percent of GDP in the fiscal year 2019/2020.

Egypt to hit 7% growth rate in 2021/22: Finance Ministry

Mon, 11 Feb 2019 - 02:12 GMT

the state’s fuel subsidies hit LE 30.17 billion during July to December 2018, compared to LE 26.65 billion during the same period of the prior year.

Finance Ministry sets plan to reduce public debt to 80% in 2022

Mon, 04 Feb 2019 - 08:45 GMT

The Ministry of Finance, prepared an integrated strategy to reduce the government debt in the medium term, according to Minister Mohamed Ma’it.

Egypt to reach normal rates of deficit, public debt: Minister

Wed, 12 Dec 2018 - 08:30 GMT

The minister added that the government aims to achieve a primary surplus of 2 percent, and a total deficit of 8.4 percent of GDP by the end of the fiscal year.

Jordan's parliament passes IMF-backed tax law to reduce public debt

Mon, 19 Nov 2018 - 02:50 GMT

Jordan's parliament approved a new IMF-backed tax law on Sunday after introducing some changes in a move to push ahead with crucial fiscal reforms.

PM urges ministerial economic committee to reduce public debt

Fri, 10 Aug 2018 - 10:39 GMT

Prime Minister Mostafa Madbouli led on Friday a ministerial economic committee meeting to discuss Egypt's public debt

Egypt to lower public debt to 80% by 2020: Finance Min.

Sun, 06 May 2018 - 02:56 GMT

This came during the “Inclusive Growth and Job Creation Conference” organized by IMF, in cooperation with the government and the Central Bank of Egypt.

Egypt aims to reduce public debt to 97% of GDP in 2018/19: Min.

Mon, 05 Mar 2018 - 03:21 GMT

The minister added that they target to achieve a taxation of LE 611 billion in the upcoming budget.

Parliamentarian slams CBE’s decision on recent increased rates

Wed, 24 May 2017 - 05:28 GMT

The Central Bank’s unpredicted decision will increase the public debt interest by LE 40 billion, said Parliamentarian Mohammed Desouki on Wednesday.

ASA illustrates reasons for surging public debt

Fri, 19 May 2017 - 08:49 GMT

Egypt’s public debt has risen since the government expands in issuing bonds and treasury bills in addition to getting loans to fund a large part of the budget.