Egyptian Finance Minister Ahmed Kouchouk revealed that Egypt’s debt-to-GDP ratio dropped to around 85 percent by the end of the fiscal year in June, compared to 90 percent the previous year—indicating a 10 percent reduction over two years.
He noted that tax incentives contributed to a 35 percent increase in tax revenues, equivalent to around EGP 600 billion.
The Central Bank of Egypt reported that net foreign currency reserves rose to over USD 49 billion at the end of July 2025, compared to USD 48.7 billion at the end of June—an increase of USD 336 million.
This level of reserves is the highest in several years, having increased by about USD 1.2 billion over the past three months, after recording USD 47.82 billion in May 2025.
Source (CNBC Arabia Website, Edited)
