Arab Finance: Prime Minister Mostafa Madbouly reviewed the government's plans to accelerate public debt reduction in line with the Egypt Forum 2026 goals, which aim to lower public debt to approximately 69.5% of gross domestic product (GDP) by 2030.

Madbouly affirmed that reducing public debt will contribute to easing debt-servicing burdens, securing room for priority sectors, and enhancing the quality of public services.

He stressed the need to develop a sustainable framework for these objectives through adherence to specific ceilings for public debt, external debt, and sovereign guarantees. This requires stronger coordination among government entities to achieve the targeted indicators.

For his part, Minister of Finance Ahmed Kouchouk outlined the trajectory of the general budget sector's debt-to-GDP ratio, which has been experiencing a downward trend since fiscal year (FY) 2023/2024.

Kouchouk revealed that the ratio declined by nearly 14% between June 2023 and June 2026. Meanwhile, the external debt of the general budget sector fell during FY2025/2026 by around 3.9% of GDP.

He also presented several proposals to further reduce the general budget sector's debt, highlighting the measures required and their expected benefits. These proposals aim to accelerate debt reduction, support higher economic growth, and diversify funding sources through innovative financial instruments.