Egypt’s government plans to borrow a huge amount in the new fiscal year 2024-2025, amounting to about two trillion, 849 billion and 200 million pounds ($59.11 billion).

This borrowing represents an increase of 33.1% compared to the previous year, and covers financing needs to cover the general budget deficit and repay local and foreign loans according to the specified dates, according to the analytical statement of the draft new state budget.

It is estimated that the expected uses of this borrowing include expenses, acquisition of financial assets and loan repayment of approximately 5 trillion, 541 billion and 400 million pounds (approximately $ 114.96 billion).
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