Egypt Concerns Over Rising Debt

The article discusses the International Monetary Fund's expectations regarding the rise of Egypt's public debt to 82.2% of GDP in 2026-2027, despite the government's planned target to reduce it to 78% by June 2027. It explained that the public debt reached approximately 91.1% in the fiscal year 2025-2026, with total external debt increasing to about $164.8 billion by the end of March 2026, due to increased borrowing. Egypt faces challenges in reducing its debt because of high expenditures financed through borrowing, especially in sectors like education and health. The country has adopted new financing policies, such as issuing tax-backed sukuk, to improve revenues and reduce financing needs. Experts emphasized the importance of cautious management of debt—particularly external debt—to achieve financial stability and address economic challenges and regional disturbances.

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