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

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Egypt's newly approved budget targets reducing its debt-to-GDP ratio to 78% by June 2027 and lowering external debt by $1-2 billion, while achieving 5% economic growth in Q3 despite regional conflict impacts stemming from the US-Iran war, as announced by Prime Minister Mostafa Madbouly.

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 the regional fallout from the US-Iran war. Speaking at a […] The post Egypt targets 78% debt-to-GDP by 2027, posts 5% Q3 growth despite regional conflict first appeared on Dailynewsegypt.