The Egyptian government needs to repay about $100 billion in hard currency debt over the next five years. The government currently spends more than 40 percent of its revenues on debt service, while financing needs for the fiscal year 2023-2024 are about $24 billion, according to official data.
Egypt's expected economic growth is 3.8 percent this year, one of the highest in the Middle East and North Africa.
Egypt paid $52 billion in dues in the fiscal years 2021-2022 and 2022-2023, even though it witnessed major challenges at the global level. Egypt paid $25 billion during the current year without exacerbating the dollar problem, and no major crisis occurred in the scientific sense, therefore, the risk is not high, but it exists.
Source (Al-Arabiya.net Website, Edited)
