Cairo – Mubasher: Egypt’s public debt to gross domestic product (GDP) ratio fell to its lowest level in 10 years, registering 66.5% at the end of the first quarter of fiscal year 2019/2020.

According to data released by the Egyptian cabinet, the country’s public debt to GDP ratio peaked to 94.5% during FY16/17 before sliding back due to the introduction of economic reforms. 

Egypt’s public debt to GDP ratio registered 82.2% in FY17/18 and 71.9% in FY18/19.