Cairo: Minister of Finance Ahmed Kouchouk stated that the government is on course to enhance debt service indicators and decrease the debt ratio to approximately 78% in the 2026/2027 fiscal year budget despite facing regional challenges.

According to State Information Service Egypt, Kouchouk emphasized that the plan involves specific strategies, including the issuance of new bonds and achieving a primary surplus in the budget. He highlighted that reducing debt servicing costs would allow for increased expenditure in critical sectors such as health and education.

Additionally, Kouchouk mentioned that Egypt re-entered international markets last week with a supplementary issuance of seven-year international bonds valued at around $540 million, carrying a yield of approximately 8.25%, which is lower than previous issuances three years ago. He remarked that the global market sentiment towards Egypt continues to be positive, indicating confidence in the country’s economic measures.