23 Hrs
Source:
المصري اليوم
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Source: المصري اليوم
23 Hrsالمصري اليوم
Source: المصري اليوم
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The study focused on the crisis of domestic savings in Egypt, which declined to 1.2% of GDP in the fiscal year 2024/2025. This decline hampers the financing of investments and economic development, increasing dependence on loans and external sources. It pointed out that the weak capacity of economic sectors to generate surpluses and the concentration of financing within a closed loop exacerbate the problem. The study recommends extending debt maturities, expanding the base of local savers, encouraging long-term savings through new instruments, and reducing reliance on short-term deposits. The goal is to raise savings to between 13-15% of GDP by 2031 and achieve sustainable economic growth. It also emphasizes the necessity of diversifying revenue sources and reducing dependence on short-term foreign inflows to minimize volatility, control debt costs, and ensure adequate funding for national investments.
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