Cairo – Mubasher: The Egyptian government have successfully reduced its public debt-to-GDP ratio to 90.5% at the end of June 2019, from 108% in June 2017, finance minister Mohamed Maait said.
The North African country is planning to reduce the ratio to 82.5% in 2020 and 77.5% in 2022, Maait added in a seminar.
The minister added that this plan will put Egypt in a safe zone with regard to the public-debt-to-GDP ratio.
