Finance Minister emphasizes trust with businesses

The Minister of Finance, Ahmed Karakoush, affirmed that Egypt's fiscal policy priorities focus on building a "partnership of trust" with the business community and achieving a balance between supporting economic growth and maintaining financial stability. He noted that the private sector is resuming activity and driving growth at a rate of about 5.1%, despite global and regional challenges. Additionally, Egypt is leading Africa in attracting foreign direct investments for 2025. He explained that the government has achieved a primary surplus of 4.9% of GDP, compared to a primary deficit of 3.4% in emerging markets. Its goal is to reduce the budget deficit to 4.9% by June 2027 and to lower public debt to 78.1% of GDP, with a focus on increasing spending on health and education. Over the past three years, external debt has decreased by $6.5 billion.

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