Egypt debuts tax-free bond this year

Egypt plans to issue its first tax bonds in its history during the current fiscal year, offering a tax-exempt return that will be used to settle taxes owed by taxpayers. This offering, aimed at reducing financing needs and lowering the debt service bill, is directed at all taxpayers, including individuals and companies. The bonds will be issued with a one-year maturity through the Central Bank. This step is part of the government's efforts to curb the rising cost of debt, as interest payments accounted for approximately 71% of total public revenue during the first 11 months of the 2025-2026 fiscal year, with interest payments increasing by 20% year-on-year.

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