6 figures that indicate how Egypt's economy will continue to grow

CAIRO – 9 May 2021: Standard & Poor's credit rating agency has kept the sovereign rating of the Egyptian economy at the level of B / B in the long-term and short-term, while maintaining a stable outlook. Below are six figures that indicate how the Egyptian economy will continue to improve in the coming period.

1 – The Egyptian economy recorded a growth rate of 3.6% during the fiscal year 2019/2020.

2 – The economy is expected to achieve a growth rate of 2.8% during the current fiscal year.

3 – The government aims to achieve sustainable growth rates of about 5.3% during 2022-2024.

4 – Reducing the public budget deficit during the fiscal year 2021/2022 to 6.7% of the GDP.

5 – The government aims to continue achieving a first surplus of 2% of GDP in the coming years.

6 – Extending the life of the debt to 3.2 years during 2020 and 3.6 years by the end of June 2021.