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The recent expansion of borrowing has raised significant concerns regarding the critical issue of debt in both developing and developed countries. Egypt is no exception, as it seeks debt sustainability that should not only be achievable but also tied to specific accomplishments within a defined time limit. Shifting the primary goal of the country to merely fulfilling its payment obligations can lead to ineffective debt management. This research aims to investigate the effects of governance and economic uncertainty on public debt in Egypt. The study employs Nonlinear Autoregressive Distributed Lag (NARDL) over the period from 1998 to 2023. The findings reveal that foreign direct investment (FDI) has a significant negative effect in the long run, while economic uncertainty has a significant positive effect in both the long run and the short run. Governance has a significant negative impact, and the risk indicator shows a significant positive effect in the short run only. The asymmetric effects of these results are confirmed by the NARDL model.