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المصري اليوم
Sisi addresses rising external debt
President Abdel Fattah El-Sisi emphasized that the increase in Egypt's external debt reflects the challenges in funding project costs and securing financing sources. He clarified that limited resources compel the state to borrow in order to ensure the continuous provision of energy services for citizens and industry. He affirmed that the cost of producing electricity and petroleum does not represent their actual market prices, and that financing requires a clear determination of resources and expenses. He also stressed the importance of investing in energy infrastructure and developing networks to ensure a steady and renewable energy supply. In summary, his statements indicate that the rise in external debt reflects economic challenges related to financing and energy costs, highlighting the need to clarify resources and the importance of investments to achieve national energy stability.
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