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PM Directs Debt-Cut Plan
Egyptian Prime Minister Mostafa Madbouly has directed the preparation of a detailed plan assigning clear responsibilities to each ministry and government body to reduce the debt of budget-sector entities, ahead of its presentation to President Abdel Fattah el-Sisi. Recommendations from the “Egypt Forum 2026” aim to bring public debt down to around 69.5% of GDP by 2030, following a roughly 14% decline in the budget-sector debt ratio between June 2023 and June 2026. External debt owed by budget-sector entities also fell during fiscal year 2025–2026 by the equivalent of around 3.9% of GDP.
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