Egypt eyes primary surplus of 3.5% of GDP in FY2024/25

Image used for illustrative purpose. Getty Images

The government targets its debt not to exceed 88.2% this FY

Staff Writer, Arab Finance

July 4, 2024

PHOTO
Image used for illustrative purpose. Getty Images

Egypt seeks to achieve a primary surplus of 3.5% of gross domestic product (GDP) during the current fiscal year (FY) 2024/2025, the new Minister of Finance Ahmed Kouchouk announced.

He added that the government targets its debt not to exceed 88.2% this FY.

Kouchouk pledged to maintain the momentum of structural reforms to bolster private sector growth and enhance production and export initiatives.

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