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Govt Plans to Cut Public Debt to 78% by 2027
The Egyptian government is working to reduce the ratio of public debt to gross domestic product (GDP), aiming to lower it from 95.7% in the 2022-2023 fiscal year to approximately 78% by the end of the 2026-2027 fiscal year. It emphasized that this initiative is part of its efforts to achieve fiscal sustainability, attract direct investments, diversify funding sources, and continue ongoing initiatives to manage and steadily reduce the debt.
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