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المصري اليوم
Officials Split on Debt Outlook
The article discusses Egypt's future debt situation and how to manage it, with experts and officials holding differing views on the government's ability to repay debts and the necessary interventions to control borrowing. Dr. Fakhry El-Feki affirms that Egypt is capable of meeting its external debt obligations without immediate risks, emphasizing the need to prepare a comprehensive report on the debt levels and support measures over the past 50 years. He explains that the debts were used to improve infrastructure, develop regions, and upgrade living standards. Despite external debt rising to approximately $164.8 billion by the end of August 2026 and facing economic challenges such as the need to extend debt maturities and reduce reliance on short-term financing, some express a cautious optimism about the future of Egypt’s debt situation, which depends on continued economic growth. Officials stress the importance of setting specific limits and timelines to control debt levels, along with translating development projects into tangible improvements in living standards and genuine growth. Conversely, some experts believe that ongoing discussions about support and its issues reflect the failure of current policies, suggesting that increased debt is linked to rising support expenditures, which affect the budget deficit. They emphasize the importance of economic policies aimed at achieving comprehensive economic empowerment and reducing dependence on external financing.
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