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Finance Ministry: Egypt's economy withstands shocks
Egypt's economy has once again demonstrated its ability to adapt to regional challenges. Fitch Ratings reaffirmed its rating at "B" with a stable outlook, confirming that balanced fiscal policies led to an economic growth rate of 5.1% during the fiscal year 2025/2026. It achieved a primary surplus of 4.9% of GDP and reduced the overall budget deficit to 5.8%. Additionally, tax revenues increased by 27% without imposing new burdens. The government relies on its debt management strategy to minimize financing risks, while continuing to empower the private sector and increase its investments to 65%. Although the rising cost of debt service remains a challenge, declining interest rates are expected to significantly reduce these costs, thereby enhancing financial stability.
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