Egypt's Surging Surplus: A Financial Milestone

Egypt achieved a record primary surplus of 629 billion Egyptian pounds ($13 billion) in the 2024-2025 fiscal year, equating to 3.6% of GDP, the presidency confirmed. This figure represents an 80% increase from the previous fiscal year.

In an unprecedented financial achievement, Egypt's primary surplus soared to a record 629 billion Egyptian pounds ($13 billion) in the 2024-2025 fiscal year, the presidency announced on Saturday.

This substantial surplus accounts for 3.6% of the nation's gross domestic product and marks an 80% increase compared to the previous 2023-2024 fiscal period.

The significant fiscal growth underscores Egypt's strengthened economic position, as reflected in the exchange rate of $1 equaling 48.2800 Egyptian pounds.

(With inputs from agencies.)