Egyptian Finance Minister Mohamed Maait revealed that Egypt aims to have the debt-to-GDP ratio below 80 percent within 5 years.
He pointed out that "the state's general budget recorded an initial surplus of 157 billion pounds, equivalent to 5.09 billion dollars, in the fiscal year 2022-2023, which ended last June."
The revenue growth rate during the fiscal year ending in June was 11.5 percent, with a first surplus of 157 billion pounds compared to 100 billion pounds in the previous year, and an overall deficit of 6.2 percent.
Minister Maait referred to "external financing expected from the issuance of panda and samurai bonds and international institutions at a value of $3 billion."
Source (Al-Arabiya.net Website, Edited)
