Egypt’s Overall Government Debt Falls to 86% of GDP

Egypt's overall government debt was reduced to 86% of GDP in FY2024/2025, down from 96%, while posting a primary surplus of 2.5% of GDP. At the same time, interest payments absorbed about 75% of government revenues, according to the Fiscal Affairs Department at the International Monetary Fund. A combination of expenditure restraint and revenue mobilisation measures drove the surplus, adding that Egypt increased its social protection spending by 12%. Further reductions in Egypt’s debt ratio are expected over the medium term, consistent with the country’s fiscal reform trajectory. The remarks were made during a press briefing to launch the IMF’s Fiscal Monitor on the sidelines of the IMF–World Bank Annual Meetings in Washington, DC, which project a downward path for Egypt’s debt through FY2029/2030.