Public debt rate to be reduced to 77.5%, Moati at bt100 – Egypttoday

Public debt rate to be reduced to 77.5%, Moati at bt100 – Egypttoday

Minister of Finance, Mohammed Moait, giving a speech during BT100 ceremony: photo via Egypt Today. CAIRO - 3 March 2020: The Egyptian minister of finance, Mohamed Moait, said Tuesday during his speech at bt100 ceremony that the public debt rate will witness a drop to 77.5 percent in June 2022.. The minister gave other heads up on the Egyptian economy that is going through a stable condition after years of struggling.. The minister of finance said that the Egyptian economic reform program formed a basic pillar to maintain a balanced and sustainable growth path, pointing out that the Egyptian government started, since 2016, to implement a comprehensive economic and social reform program, aimed at restoring the stability of the Egyptian economy and achieving sustainable growth that all the social classes in Egypt can reap its benefits.. In his speech at the BT100 celebration, the Minister of Finance added that the economic growth rate reached 5.6% in the fiscal year 2018-2019, which is the highest growth rate since the global financial crisis in 2008 and one of the highest growth rates among emerging markets this year, and the Egyptian government is targeting in this year's budget a growth rate of about