Egypt targets 80% debt-to-GDP ratio by June 2026 as external debt falls $4bn - News Summed Up

Egypt targets 80% debt-to-GDP ratio by June 2026 as external debt falls $4bn


Speaking at a salon hosted by the Institute of National Planning, Kouchouk stated that the external debt of budget agencies has decreased by approximately $4bn during the same two-year period. He added that the state is prioritising debt reduction and is currently paying more than it borrows to improve economic indicators. According to Kouchouk, taxpayers submitted 612,000 new and amended tax returns and voluntarily disclosed additional economic activity worth EGP 1trn, resulting in EGP 78bn in additional tax payments. Kouchouk said the strategic goal is to expand the economic, productive, and tax base to benefit citizens and investors. He emphasised the need to accelerate progress toward the Egypt Vision 2030 targets and reduce economic gaps in the coming years.


Source: Daily News Egypt December 27, 2025 18:21 UTC



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