PM: Gov’t seeks to resolve debts of state-owned press institutions

Egypt's government is making a concerted effort to resolve the outstanding debts of its state-owned press institutions, a move driven by presidential directives to bolster the nation's media sector. Prime Minister Mostafa Madbouly emphasized the importance of this initiative during a meeting on Sunday, July 5, 2026.

Madbouly articulated that addressing the debt burden is crucial for enhancing the national role and media mission of these institutions. He noted that the government has engaged in numerous meetings over recent months to explore proposals and identify practical strategies for managing the institutions' liabilities. The goal is to ensure they can effectively fulfill their responsibilities.

The Ministry of Finance, represented by Minister Ahmed Kouchouk, expressed its commitment to settling these debts in collaboration with the National Press Authority (NPA). This financial cleanup is expected to secure sustainable revenue streams, fortify the institutions' financial positions, and enable them to meet their ongoing obligations.

State Minister for Information Diaa Rashwan underscored the significance of clearing these debts as part of a broader government strategy to support Egypt's state-owned press and guarantee their long-term financial viability. NPA Chairman Abdel Sadek al-Shorbagy detailed the authority's efforts to manage the debt, focusing on maximizing returns from state assets and improving management practices to generate consistent revenues and prevent future debt accumulation.

Concluding the meeting, Madbouly directed al-Shorbagy to develop comprehensive studies for each institution. These studies will outline proposed mechanisms for achieving long-term financial sustainability and will be reviewed by Deputy Prime Minister Hussein Eissa before a subsequent meeting for approval and implementation.