Prime Minister Mostafa Madbouly sent national expectations soaring with his ambitious pledge to slash public debt to levels unprecedented in Egyptian history. However, according to Madbouly’s vision, this figure is set to plummet to just 50 percent of the Gross Domestic Product (GDP). The Prime Minister’s words have sparked a wave of hope among a public desperate for economic relief. Crucially, the Prime Minister is referring to the debt-to-GDP ratio—a distinction that may be lost on the average citizen. It is certainly not our intention to stifle the seeds of hope sown by the Prime Minister.

Source: Egypt Independent January 13, 2026 14:31 UTC