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#egypt debt

Egypt’s Minister of Finance Mohamed Maait revealed in a ministerial meeting on 12 March that 50 percent of the revenues generated through the government’s privatisation programme will be used to reduce public debt in the upcoming fiscal year. The statement, later shared in a Cabinet Facebook post, added that the government will also utilise any primary surplus from the government’s budget to further cut public debt. “ in line with the targets of reducing the debt-to-GDP ratio gradually to less…