Prime Minister Mostafa Madbouly said the government attaches great importance to settling the debts of state-owned press institutions, in line with presidential directives aimed at supporting the country’s media sector.
During a meeting attended by senior ministers and officials on Sunday, July 5, 2026, Madbouly stated that resolving the debt burden of national press institutions would help strengthen their national role, support their media mission and improve their ability to fulfill their responsibilities.
He added that the government held a series of meetings in recent months to examine proposals and identify practical mechanisms for settling the institutions’ outstanding liabilities.
Minister of Finance Ahmed Kouchouk said his ministry is keen to settle the debts in coordination with the National Press Authority (NPA), noting that the move will help secure sustainable financial resources, strengthen the institutions’ financial position and enable them to meet their obligations.
State Minister for Information Diaa Rashwan also underlined the significance of clearing the debts as part of broader government efforts to support Egypt’s state-owned press institutions and ensure their financial sustainability.
National Press Authority Chairman Abdel Sadek al-Shorbagy reviewed the authority’s recent efforts to address the institutions’ debt burden, saying it is working to maximize returns from state-owned press assets and improve their management to generate sustainable revenues and prevent the accumulation of new debts.
At the end of the meeting, Madbouly instructed al-Shorbagy to prepare a comprehensive study for each state-owned press institution outlining proposed mechanisms to achieve long-term financial sustainability.
The studies will be reviewed in coordination with Deputy Prime Minister for Economic Affairs Hussein Eissa before being presented at a subsequent meeting for approval and further action.
