4 Hrs
Source:
المصدر
Egypt Eyes Funds for Debt
The Egyptian government is considering investing part of the surpluses and funds held by state entities in government securities, which would reduce the budget’s need for domestic and foreign borrowing and its reliance on high-cost debt instruments. Finance Minister Ahmed Kouchouk said that preserving these surpluses would help reduce public debt and the deficit, while providing more resources and flexibility to fund essential services, human development, and social protection. The government also aims to attract investors to long-term bonds and expand the conversion of part of its debts into investments and high-quality assets, easing financing burdens.
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