Minister of Finance Mohamed Maait says Egypt was able to decrease the public debt from 108% of the GDP in June 2017 to about 90% of GDP in June 2019. This means that financial control reached 18% of the GDP in only two years. Egypt achieved the highest real GDP growth in the Middle East and North Africa, recording 5.6% of GDP.
Maait said the public treasury made an early payment between July and December, recording about EGP 33bn in favour of pension funds, which represent the full interest dues to funds for the whole year instead of paying them in June 2020
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