Deputy Finance Minister
Kojak made the remarks at the conclusion of a training course organized by the Finance Ministry to qualify a new generation of leading cadres, said a statement by the ministry.
"The strategy aims to reach 30 percent of the external debt of GDP in 2022," Deputy Finance Minister said.
The Ministry of Finance, prepared an integrated strategy to reduce the government debt in the medium term, according to Minister Mohamed Ma’it.
Egypt achieved a primary fiscal surplus for the first time in 15 years, making 4 billion Egyptian pounds ($224 million), Kouchouk said in a news conference.
Kojak revealed three programs at the new state budget that aim to maintain social justice.
Egypt aims to sell Eurobonds worth $3-4 billion in the fiscal year 2018/2019.
Egypt's cabinet approved raising the minimum income tax threshold to 7,200 Egyptian pounds ($398).