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السويس بلدي
Council of Ministers on asset-exchange proposals
The Egyptian Cabinet has affirmed that the discussions regarding the transfer of ownership of certain public assets, such as the Suez Canal, in exchange for settling government debts are personal viewpoints and not official state policies. The relevant authorities have previously studied this proposal and concluded that it is unsuitable because it does not reduce public liabilities or ensure sustainable debt management, as transferring assets does not result in an actual reduction of the financial burden. The Cabinet called for a clear distinction between personal opinions and official policies aimed at improving fiscal indicators, maximizing asset returns, and safeguarding sovereignty and national security. It also reaffirmed that the Suez Canal is a strategic asset of special significance and that its ownership cannot be exchanged, mortgaged, or transferred.
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