Khaberni - Egyptian media figure and parliamentarian Mustafa Bakri has called for the establishment of a governmental bank account dedicated to collecting donations from willing citizens, to be used in paying off the state’s debts.
Bakri's call is the second parliamentary appeal of its kind, following an uproar caused by Mohamed Samir Beltagy, a member of the House of Representatives, who had called for a million pounds in donations from a limited number of citizens to pay off the state's debts.
In his television statements, Bakri expressed his wish for the state to establish an account in the Central Bank dedicated to collecting donations from those willing to participate in paying off the state's debts, praising Beltagy's call by stating that it is "necessary and came at the right time."
Bakri considered that the public debt file poses major challenges and imposes itself on the scene, and that donations could help alleviate the burden.
Previously, Egyptian Finance Minister Ahmed Kojok commented on this proposal, expressing reservations about such initiatives, confirming that the management of the Egyptian debt file is through clear and integrated institutional strategies implemented by the Egyptian state.
According to a report by the Central Bank in January, the long-term external debt decreased to 128.950 billion dollars compared to 130.3 billion dollars at the end of the previous quarter, while the short-term debt saw a significant increase to reach 34.763 billion dollars compared to 30.914 billion dollars in June 2025.
