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Finance Ministry: Egypt's economy resilient and poised for growth
The Ministry of Finance emphasized that Egypt's economic and financial reforms have led to fiscal stability, improved reserves, and accelerated economic growth, despite challenges such as high debt service costs. Data indicates that net foreign reserves reached $57 billion in September 2026, and economic growth has contributed to reducing government debt to 81.9% of GDP by June 2026. Additionally, tax revenues increased to 13% of GDP without additional burdens, with expectations of stronger growth and continued reforms to boost private sector confidence and sustainable development.
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