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Egypt targets 78% debt-to-GDP by 2027, posts 5% Q3 growth despite regional conflict

By CityCalc Newsroom · Wed Jun 24 2026 · Source: Daily News Egypt

Egypt’s newly approved state budget aims to reduce the debt-to-GDP ratio to approximately 78% by June 2027 and cut external debt by $1bn to $2bn, Prime Minister Mostafa Madbouly announced on Wednesday, as the economy recorded a 5% growth rate in the third quarter despite t…

Egypt’s newly approved state budget aims to reduce the debt-to-GDP ratio to approximately 78% by June 2027 and cut external debt by $1bn to $2bn, Prime Minister Mostafa Madbouly announced on Wednesday, as the economy recorded a 5% growth rate in the third quarter despite t…

Curated by CityCalc from Daily News Egypt. Read the full article at the source.

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