ICEC

Egypt braces for local t-bonds, t-bills of 92 billion pounds in February

Egypt’s Ministry of Finance plans to issue treasury bills and treasury bonds totalling 92.15 billion Egyptian pounds (around $5 billion) this February, compared to 87 billion pounds issued in the same period in 2016.

The ministry has estimated the country’s budget deficit for the financial year 2016-2017 at 319.46 billion pounds, compared to 339.5 billion worth of deficit during the financial year 2015-2016.

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