In short Egypt has exchanged public spending for debt-repayment spending. You are sending more money to the IMF and development banks in debt and interest payments than you used to spend on subsidies and public services. All while simultaneously decreasing government revenues.
The debt colonization of Egypt is progressing more rapidly than anyone could have expected..
http://menafn.com/1094962863/Egypt–Cost-of-government-debt-threatens-economic-reform-programmes
External Context سياق خارجي
http://menafn.com/1094962863/Egypt–Cost-of-government-debt-threatens-economic-reform-programmes