1 Day
Source:
بوابة الشروق
_1777352142843_145525226.png&w=64&q=75){kind=small}
Egypt's Economy Demonstrates Resilience After Fitch Rating
The Egyptian Ministry of Finance confirmed that the Egyptian economy has proven its resilience and ability to absorb shocks, following Fitch Ratings' decision to maintain its rating at "B" with a stable outlook. The ministry explained that proactive and consistent policies have contributed to positive economic results, including a growth rate of 5.1% for the fiscal year 2025/2026, a primary surplus of 4.9% of GDP, and a reduction in the overall budget deficit to 5.8%. Additionally, tax revenues increased by 27% without imposing new burdens. The government will continue implementing balanced fiscal policies to promote growth, support the private sector, and increase its investments to 65%. As the expected rise in debt service costs diminishes with falling interest rates, the ministry sees debt management as a top priority to ensure the sustainability of the financial situation.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)