Egypt: Finance Ministry – Egypt Repaid $25 Bln of Its Overall Debt Since March As Per Iif’s Recent Report

The Finance Ministry said a recent report of the Institute of International Finance (IIF) asserted that Egypt has repaid $25 billion of its domestic and external public debts since March.

In a statement, the ministry added the IIF’s report mentioned that Egypt targets a budget’s primary surplus of 3.5 percent in the upcoming fiscal year (FY) 2024/2025, which starts 1 July, compared to the percentage estimated for the current FY2023/2024. The target for the coming fiscal year is the highest since…