The move is part of broader measures to strengthen fiscal stability and achieve a primary surplus of 5% of GDP by the 2026/2027 fiscal year.
He acknowledged the significant challenge this posed for the state but reaffirmed Egypt's unwavering commitment to honoring its financial obligations, emphasizing that the country has never defaulted on its debts.
The statement reports that Egypt has repaid a substantial portion of its domestic and external public debt, amounting to $25 billion since March 2024.
