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Ali Al-Idrissi Highlights Public Finance Imbalance
The article addresses the issue of rising debt service costs in Egypt, which have reached fourteen percent of the country's total revenues. This reflects a structural imbalance in public finances resulting from excessive reliance on borrowing. The report indicates that if this situation continues, it will limit the government's ability to engage in developmental spending and will increase pressure on the budget, especially amid rising interest rates and geopolitical crises. It emphasizes the importance of improving public debt management, increasing revenues through economic growth, promoting exports, attracting investments, and diversifying sources of foreign currency. These measures aim to reduce dependence on borrowing, achieve fiscal sustainability, and lower the debt service ratio relative to revenues, all while maintaining spending on vital sectors. The article concludes that success requires implementing comprehensive economic and financial reforms to cut financing costs and achieve high, sustainable growth rates.
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