Egypt has decided against seeking loans from the World Bank and the International Monetary Fund.
The move comes after the planned deficit in the 2011-12 budget was revised down from 11% to 8.6% of GDP, Egyptian finance minister Samir Radwan told Reuters.
The country's economic problems fuelled the protests that toppled President Hosni Mubarak earlier this year.
Many of those who took part in the uprising denounced the role of the IMF, seen as bolstering the rule of Mr Mubarak while imposing harsh economic conditions that benefited the rich more than the poor, the BBC reports.
But Mr Radwan said extra funds were needed to finance the demands of people after the uprising, and in May agreed a stand-by loan facility with the IMF.
The minister now says that following discussions with civic and business groups and the military council, the budget forecast has been revised down and loans are not needed at this stage.
An adviser to the minister said the pressure of public opinion was also a factor in the decision.
