Egypt's economic plan centres on cutting debt to its lowest levels in recent history over the next five years, Prime Minister Moustafa Madbouly said Tuesday during an open meeting with editors-in-chief of Egyptian newspapers and news websites. He said the debt-to-GDP ratio dropped from 96 per cent a year and a half ago to 85 per cent by June and is set to fall further to 80–81 per cent this fiscal year, before easing into the seventies in the medium term. External debt is targeted to decline by $1–2 billion annually under a borrowing cap monitored by the debt committee. The plan also seeks to achieve 7 per cent annual growth, increase industry's share of GDP to 18–20 per cent, attract 30 million tourists, and boost exports to $145 billion by 2030. The private sector already drives 65 per cent of investments, while the budget deficit is expected to shrink from 7 per cent to 3.5 per cent. Madbouly said implementation will follow three scenarios — current, ambitious, and conservative — stressing that consistent execution and private sector engagement are key to achieving the targets. He added that these goals form part of Egypt's National Narrative for Economic Development, which provides a comprehensive framework for sectoral strategies under Vision 2030. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
