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 .
