Egypt: aims to reduce public debt to 80% in 2022

  Media In – Rasha el sharkwy   3 July

Egyptian Prime Minister Dr. Mustafa Madbouli said that 85% of the economic reform program has been implemented. He pointed out that the government aims to reduce the ratio of public and government debt to sustainable rates not exceeding 90% of GDP in June 2020 and to 80% by the end of fiscal year 2021 – 2022, reducing total deficit to 6% of GDP and maintaining a first surplus of close to 2% of GDP.