Egypt’s external debt rises to $129.1 billion in Q2 of FY 2020/2021

Egypt’s external debt increased to $129.1 billion in the second quarter of the current financial year 2020/2021 ending in June, from $125.3 billion in the first quarter, and $123.4 billion in the end of the 2019/2020.

Total long-term debt also rose in the second quarter to $117.2 billion, compared with $113 billion in the first quarter, a central bank data showed on Tuesday.

Total short-term debt fell to $11.9 billion in the second quarter, from $12.3 billion in the first quarter, according to the central bank.

The data also unveiled that the government’s total external debt rose in the second quarter to $77.2 billion from $73.1 billion in the first quarter.

The government’s total short-term external debt recorded $2 billion in the second quarter, which is the same level reported in the first quarter.