The weakening of the Egyptian currency against the U.S. dollar is expected to increase the debt-to-GDP ratio to 95.6% for the financial year 2022/23, the finance ministry said in a statement on Thursday.

"The decline in the value of the (Egyptian) pound against the dollar led to an increase in the value of government debt by EGP 1.3 trillion, or 13.1% of GDP," the ministry added.

(Reporting by Nayera Abdallah Editing by Bernadette Baum)