RE
Egypt and global economy brief
Egypt targets reducing public debt to 69.5% of GDP by 2030
An RE brief based on a story published by خاص عن مصر on 11 November 2026.
Read the full story at the sourceThe story in brief
Prime Minister Mostafa Madbouly followed up on implementing Egypt 2026 Forum recommendations to reduce public budget-sector debt, pursuant to directives from President Abdel Fattah el-Sisi. The recommendations target public debt of about 69.5% of GDP by 2030; Finance Minister Ahmed Kouchouk presented figures on debt reductions and proposals to lower it.
Key numbers
- 69.5%
- Public debt target as a share of GDP
- 2030
- Deadline for the debt target
- 14%
- Reduction in budget-sector debt ratio from June 2023 to June 2026
- 2024/2023
- Fiscal year when the debt ratio began its downward course
- 2025/2026
- Fiscal year in which external debt was reduced
- 3.9%
- External debt reduction as a share of GDP