Egypt Lowers Debt-to-GDP Ratio in 2022/23 Amid Revenue Surge

Egypt has lowered its estimates for the debt-to-GDP ratio to 95.6% for the fiscal year 2022/2023, down from 97%, Minister of Finance Mohamed Maait stated, according to a Cabinet statement. The modified estimate came as the country’s budget deficit edged lower to six percent from 6.1% in the previous year. Total government revenue rose by […]