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Mostafa Bakry: Future economy will strengthen despite current concerns
The article discussed the Egyptian economic situation, with Mustafa Bakry confirming that Egypt has a strategic reserve exceeding $57 billion, and is experiencing an economic growth rate of 5.1%. The overall budget deficit has decreased to 5.8% of gross domestic product during the fiscal year 2025-2026, with a primary surplus of 4.9%. He explained that these improvements result from successful financial and economic reforms, according to the International Monetary Fund. Despite the positive indicators, he noted that challenges still remain due to the high cost of debt servicing. The government is working to reduce financial pressures by improving debt management and diversifying sources of funding. He emphasized that the future will be economically strong, even though citizens may not yet feel the improvements.
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