In Mostafa Madbouly’s recent commentary on public debt, I could only see the Egyptian economy as a patient recently transitioned from the ICU to a regular ward—yet still dangerously tethered to life-support systems. In his view, the trajectory of debt should not be judged at its highest point, but rather by the descent that follows. Ultimately, the takeaway from Madbouly’s piece is a sobering one: that borrowing is no longer a temporary necessity, but has become a perpetual choice. He worked as Editor-in-Chief of CBC Extra channel, which he founded, as former Managing-Editor of Al Watan newspaper, and former Executive Editor-in-Chief of its website. He also co-founded the Al-Masry Al-Youm newspaper, the Al Watan newspaper, and the Al Ashera Masaan program on Dream TV channel, and was the Head of Program Editing at Alhurra channel.

Source: Egypt Independent December 24, 2025 13:51 UTC