Egypt’s gross domestic debt rises to 3.073 trillion pounds in three months

Egypt’s gross domestic debt rose to 3.073 trillion Egyptian pounds ($173.6 billion) at the end of March, the central bank said on Sunday.

Earlier, it stood at 3.052 trillion pounds at the end of March 2016.

The rise brings Egypt’s net domestic borrowing to 81.6 percent of the GDP at the end of March 2017, compared to 80 percent at the end of 2016, the data showed.