The Egyptian Public Debt Crisis: An Analytical View

Summary

The study addresses the dimensions of the Egyptian public debt crisis through an analytical view of its reality and future, its crisis and ways of treatment. The study concludes that Egypt suffers from a vicious circle of the growing public debt, both domestic and external. This was clearly demonstrated after the military coup on July 3, 2013, where the interests alone amounted to about a third of expenditures and about half of the revenues in the state budget, which reveals the extent of the danger threatening the Egyptian economy.