Finance Minister outlines Egypt’s key financial policy priorities during London visit

Sun, 22 Sep 2024 - 12:31 GMT

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

Egypt plans to reduce debt-to-GDP ratio to 80% in 2027

Mon, 29 Apr 2024 - 12:12 GMT

The Ministry of Finance will adopt a “targeted strategy” to reduce the debt-to-GDP ratio to less than 80% by June 2027.

Egypt’s real GDP growth to rise to 4.9 percent for FY2024/2025, Goldman Sachs

Thu, 04 Apr 2024 - 01:12 GMT

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

Egypt aims to reduce debt-to-GDP ratio to less than 80% in 3 years

Wed, 20 Mar 2024 - 03:47 GMT

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.

Budget deficit grows during first 2M of FY2023/2024, Finance Ministry

Mon, 13 Nov 2023 - 05:37 GMT

Egypt’s debt-to-GDP ratio hit 95.6 percent in FY2022/2023, with the GDP recording LE 9.8 trillion ($318,23 billion)