Egypt Public Debt Dynamic and its’ Trajectory Projection
Egypt’s general government debt recorded a precarious level at the end of the fiscal year 2015/16 by 103.2% of GDP. Although the economic reform program has succeeded in putting the debt level on a downturn path, the debt level is still high compared to the other middle-income economies countries group and is subject to significant risks.The paper aims to identify the main drivers of the change in Egypt’s general government debt as a percentage of the GDP, starting from 1999 to 2019 by using a multiple regression model.
