Egypt's finance minister unveils fiscal targets to double primary spending and cut debt below 70% of GDP by 2030

At the Egypt 2026 Forum, Finance Minister Ahmed Kojak unveiled fiscal targets to double primary spending and cut debt below 70 percent of GDP by 2030.

• Kojak said the government aims to raise the primary-expenditure fiscal space from 2.3 trillion pounds in fiscal 2025/2026 to 4.8 trillion pounds by 2029/2030.
• Kojak said the state targets reducing debt to below 70 percent of GDP by the end of fiscal 2029/2030.
• Kojak said the ministry plans to raise tax revenues to 15 percent of GDP, from 13 percent, within four years.