Kouchouk emphasized that any exceptional revenues will be directed toward reducing both the size and ratio of public debt, reinforcing fiscal discipline and improving overall macroeconomic indicators.

Minister of Finance, Ahmed Kouchouk, affirmed that the coming period will witness a strong and tangible improvement in public debt indicators, including debt levels, servicing costs, and maturities, delivering a message of reassurance to citizens and investors: “No need to worry—we are working diligently, with balance and discipline, to improve government debt metrics.”

 

Speaking at a press conference, Kouchouk said the government is implementing a comprehensive and integrated debt management strategy, executed in coordination with all relevant state entities, to enhance fiscal sustainability and reduce debt burdens.

 

He noted that the government aims to lower the budget sector debt-to-GDP ratio to approximately 78% by June 2027, while reducing external debt by around $2 billion annually.

 

The minister added that efforts are also underway to cut the government’s financing needs by about 10% of GDP over the medium term, alongside a plan to reduce debt servicing costs to around 35% of total budget expenditures.

 

On financing tools, he highlighted ongoing efforts to diversify domestic and international funding sources, while expanding access to concessional financing to ease borrowing costs.

 

He added that the government will continue issuing “Citizen Bonds” and sukuk, while introducing new financial instruments aimed at attracting a broader base of savers.

 

He also pointed out that Egypt is targeting the largest reduction in budget sector debt, estimated at 18% between 2023 and June 2027, compared to an average increase of around 10% in debt levels across emerging economies during the same period—underscoring a relative improvement in Egypt’s fiscal performance.