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Madbouly: Debt ratio dropped from 96% to 82%
The Egyptian Prime Minister, Mustafa Madbouly, discussed the government's efforts to reduce the public debt ratio from 96% to 82% of the gross domestic product over the past three years, with a target to reach 78%. He explained that lowering the debt depends on increasing resources, reducing the deficit, decreasing reliance on borrowing, and economic growth, which contributes to a decline in the debt ratio. He also emphasized that lowering interest rates on public debt allows for greater resource availability to finance projects that better serve citizens, with a focus on controlling inflation and easing government financing.
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