Egypt Achieves Significant Primary Surplus in Fiscal Year 2023/2024
Wednesday, 17 July 2024, 14:16
Egypt Achieves a Record Primary Surplus
In the fiscal year 2023/24, Egypt reported a remarkable primary surplus of 875 billion Egyptian pounds ($18.14 billion), significantly surpassing the previous year's surplus.
Comparison with Previous Year
The previous surplus stood at 164 billion Egyptian pounds, indicating a substantial improvement in Egypt's fiscal performance.
Key Contributions to the Surplus
- Effective fiscal policies
- Strong leadership by Prime Minister Mostafa Madbouly
- Minister of Finance Ahmed Kouchouk's management
Overall, this achievement points towards a more stable economic environment for Egypt.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.