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الشورى
PM Tracks Forum Debt Plan
Prime Minister Mostafa Madbouly followed up on the implementation of the “Egypt Forum 2026” recommendations to reduce the debt of budgetary entities, in line with President Abdel Fattah el-Sisi’s directives. He stressed that reducing the debt burden and strengthening fiscal sustainability were priorities. The recommendations aim to bring debt down to about 69.5% of GDP by 2030. Its share had fallen by around 14% between June 2023 and June 2026, while the external debt of budgetary entities declined during fiscal year 2025/2026 by the equivalent of about 3.9% of GDP. Madbouly directed that a detailed plan be prepared setting out the responsibilities of each ministry and government entity, ahead of its presentation to the president.
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