Long-term external debt amounted to $119.26 billion in 2023, compared to $111.09 billion in 2022.
Speaking at a press conference on Saturday to announce the results of fiscal year 2024/2025, the minister said a Medium-Term Debt Strategy will be issued before December.
Kouchouk emphasized that fiscal and tax policies reflect a more comprehensive approach to economic reform, focused on stimulating investment and achieving sustainable growth.
A recent report from the CBE detailed the breakdown of the debt figures. Long-term external debt fell to $126.8 billion by June, compared to $138.551 billion in December 2023.
Egypt set a target to reduce inflation to less than 10% by the end of 2025, Madbouly confirmed
