• We remain committed to improving the business environment, simplifying procedures, and enhancing competition to boost private investment, productivity, and growth
• We are addressing the challenges posed by high debt-servicing costs and working diligently to reduce them at a faster pace in the coming period
• Egypt’s economy has become more resilient and better positioned for growth despite external shocks, with a focus on boosting productivity in the coming period
• Strong economic growth has helped reduce government debt to 81.9% of GDP in June 2026
• Net international reserves rose to $57 billion in September 2026
• Tax revenues increased by 1.6 percentage points of GDP over two years, reaching 13% of GDP without imposing any additional burdens
• The positive outlook reflects Moody’s expectations of stronger economic growth, supported by continued reforms, fiscal discipline, and measures to promote production and exports
• We aim to advance structural reforms and facilitation measures to strengthen private sector confidence and achieve high and sustained economic growth
• Our fiscal policies remain balanced, and reforms are ongoing to preserve fiscal stability and drive growth and development
• We seek to create additional, meaningful fiscal space to increase spending on healthcare, education, and better-targeted social protection

The Ministry of Finance affirmed that economic and fiscal reforms have contributed to stabilizing public finances, strengthening reserves, and accelerating economic activity. 

It emphasized its continued commitment to improving the business environment, streamlining and simplifying 

, and enhancing competition to stimulate private investment, productivity, and economic growth.

In a statement issued following Moody’s upgrade of Egypt’s credit rating to B3 with a positive outlook, the Ministry acknowledged the challenges posed by high debt-servicing costs, stressing that it is making every effort to reduce these costs at a faster pace in the coming period.

The Ministry noted that the Egyptian economy has become more resilient and better positioned to sustain growth despite shocks, highlighting its focus on boosting productivity in the coming period.

 It explained that strong economic growth had helped reduce government debt to 81.9% of GDP in June 2026.

The Ministry also confirmed that net international reserves had risen to $57 billion in September 2026. It pointed out that tax revenues had increased by 1.6 percentage points of GDP over two years, reaching 13% of GDP without imposing any additional burdens.

The Ministry added that the positive outlook reflects Moody’s expectations of stronger economic growth, underpinned by continued reforms, sustained fiscal discipline, and support for production and exports.

 It further emphasized its commitment to advancing structural reforms and facilitation measures to reinforce private sector confidence and achieve high and stable rates of economic growth.  

The Ministry concluded that its fiscal policies remain balanced and that reforms are continuing to preserve fiscal stability and advance growth and development.

 It underscored its objective of creating additional, meaningful fiscal space to increase spending on healthcare, education, and more effectively targeted social protection programs.