Egyptian Finance Minister Ahmed Kouchouk indicated that "Egypt is working to achieve the financial targets of the general budget despite a loss of EGP 110 billion in Suez Canal revenues, and is providing an additional EGP 150 billion in support" for the energy sector.
Kouchouk noted that "the Egyptian economy is improving, and the private sector has demonstrated growth, accounting for 60% of total investments over the past ten months." He explained that "Egypt achieved its highest primary surplus since 2005, at 3.1%, during the period from July 2024 to May 2025, despite the decline in Suez Canal and energy sector revenues."
Minister Kouchouk explained that "the external debt of the budget agencies decreased by $2 billion over the past ten months."
Source (Al Arabiya.net Website, Edited)
