Egypt debt to fall below 90% of GDP by end of June: minister

Egypt debt to fall below 90% of GDP by end of June: minister
(Reuters)
Short Url
Updated 02 February 2022
Follow

Egypt debt to fall below 90% of GDP by end of June: minister

Egypt debt to fall below 90% of GDP by end of June: minister

CAIRO: Egypt's debt should fall below 90 percent of gross domestic product by the end of the fiscal year on June 30, Finance Minister Mohamed Maiit told a news conference on Wednesday in Cairo, exceeding the government's prior expectations.

The country's total export revenue reached a record high of $45.2 billion in 2021, Prime Minister Mostafa Madbouly told the conference.