Egyptian
President Abdel Fattah El-Sisi called for coordinated measures to improve the
country’s budgetary debt indicators and sustain the positive momentum in the
economy.
President El-Sisi
met with Prime Minister Mustafa Madbouli, Central Bank of Egypt (CBE) Governor
Hassan Abdalla, and Finance Minister Ahmed Kouchouk.
Discussions reviewed
mechanisms for enhancing financial and monetary stability, securing funding for
key sectors, and supporting domestic market needs.
The meeting also
focused on fostering a business-friendly environment and ensuring adequate
resources for production and operations.
The president
stressed the importance of continued coordination between the government and
the central bank to ensure integration that preserves the positive economic
indicators, strengthens resilience, and enables the economy to withstand
challenges.
He also underscored
the need to maintain financial allocations necessary to support economic
activity and stability.
The meeting
addressed strategies to maintain the downward trend in inflation, following its
decline in November 2025 both monthly and annually, through continuous
monitoring of targeted policies, market regulation.
Talks also
highlighted measures to ensure availability of essential goods and stability of
their prices.
Fiscal developments
were also discussed, including improvements in the budget indicators, achieving
the targeted primary surplus, and reducing budget-to-GDP debt ratios.
The president also
emphasized the importance of all state entities working together to reduce and
improve budgetary debt indicators as well as the debt service bill.
Moreover, the
president directed authorities to accelerate the path toward fiscal
sustainability, strengthen fiscal discipline and improve the debt structure,
ensuring that greater resources are allocated to service sectors and human
development efforts.
He also instructed
officials to focus on boosting foreign currency reserves and meeting financing
needs to support development initiatives.
Source: Egypt Today