مصر تستهدف خفض الدين وإبطاء التضخم في موازنة العام الجديد
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00:00 After the arrival of inflation rates and debt levels in Egypt, the Egyptian government is trying to lower its new budget, both on the debt level and on inflation rates.
00:14 Let's focus on the vision of this new budget for the new year, which will be launched in July 2024, and which aims to first reduce debt and also inflation rates.
00:27 We are talking about four targets in the first degree, including growth rates, which we expect in 2023-2024 at 3%, which may rise to 4.7% during the year 2024-2025.
00:44 Inflation rates also aim for a strong rebound after we reached and exceeded the 38% level of inflation rates in the Egyptian market in 2023-2024, which we expect to decrease to 15% in the year 2024-2025.
01:04 Even at the level of interest rates on the government's ears, we expect to rise from 18.5% to 22% in the new financial year.
01:16 These are perhaps the most prominent targets in the new budget for the coming year.
01:23 But there are also four targeted measures that Egypt may take to reduce the government's debt level today for the overall local result.
01:36 In the previous financial year, the level of 92.2% was at 100%, and it may return to 91.9% at 100%.
01:46 At the level of these targeted measures, we are talking about reducing the cost of borrowing and the service of government debt, which you are targeting to a large extent.
01:57 As for the reduction of this cost, perhaps in front of the Egyptian citizen today, the introduction of new debt tools, as we have seen, has expanded in Egypt during the past period, and the length of debt has increased the balance sheet to four years, in return for attracting liquidity to the financial market.
02:15 As we have seen, we have seen perhaps more support for the Egyptian financial market throughout 2024.
02:27 These are the most prominent targets of the new budget for the coming year in Egypt, and the most prominent of which is the reduction of debt and the reduction of inflationary rates.