The Egyptian government plans to reduce its debts to the lowest level in its history

Dr. Mustafa Madbouly, the Egyptian Prime Minister, announced that the government aims to reduce debts to the lowest level in the history of Egypt, with a surplus in the budget and reduced inflation rates from the current level of 13%, in addition to the continued rate of exports growth by approximately 20% by the end of the year.

Madbouly explained that the government has put several scenarios to deal with possible economic bumps, and seeks to localize the sustainable industries that work in the long term. Various. The Minister of Finance also indicated that the total of what was spent within the program to return the burdens during the years 2024/2025 and 2025/2026 amounted to 19.3 billion pounds, with the disbursement of another 3 billion pounds currently, while the Minister of Investment and Foreign Trade affirmed the government’s keenness to adopt new incentive measures to facilitate exports and listen to the proposals of exporters.