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Egypt’s Minister of Finance, Ahmed Kouchouk, unveiled a comprehensive national strategy today aimed at significantly improving the country’s debt indicators over the medium term. Speaking at a high-level press conference, Kouchouk set an ambitious target to reduce the budget-sector debt-to-GDP ratio to 78% by June 2027. The Minister also pledged to decrease the external debt of budget-funded entities by approximately $2 billion annually, while cutting overall financing needs by 10% of GDP.

"We are working with full diligence and balance to optimize our debt metrics," Kouchouk stated, issuing a message of reassurance to both citizens and international investors. He emphasized that the government is committed to lowering the debt service bill to 35% of total expenditures. A key pillar of this strategy involves directing any exceptional revenues toward principal debt repayment, ensuring that the primary focus remains on absolute debt reduction rather than just servicing interest.