Egypt cuts debt-to-GDP to 85.6% – FinMin

Egypt has begun reducing its debt-to-GDP ratio, which reached 85.6 per cent in June 2025, Finance Minister Ahmed Kouchouk has said, reassuring the public amid concerns over national debt levels.

Speaking at a press conference, Kouchouk added that Egypt is steadily lowering external debt for budgetary bodies by $1–2 billion annually as part of a broader strategy to improve government debt indicators and maintain investor confidence.

The ministry is committed to diversifying funding sources and extending debt maturities to meet budget needs at minimal cost. Debt swap is being conducted to achieve higher economic returns.

Kouchouk noted that an annual ceiling is set for public debt and government guarantees to strengthen economic governance, with any exceptional revenues directed towards further reducing the debt-to-GDP ratio.

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama