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Finance Minister Cuts $6B in External Debt
Egyptian Finance Minister Ahmed Kajouk confirmed that the country reduced its external debt on the national budget by approximately 6 billion dollars over the past three years. He explained that Egypt has paid off more debt than it has borrowed in order to achieve fiscal sustainability and improve debt indicators. He also pointed out that the government is working on establishing flexible ceilings and future targets for managing external debt while developing foreign currency resources. These efforts are part of the broader initiatives to enhance national financial stability.
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