CBE: Debt to GDP reaches 72% at the end of Q4

Public debt increased to EGP 1.132 trillion, 72.2% of the total GDP which is EGP 1.570 trillion in the fiscal year 2011/2012, which increased by 3.4% up from that of last quarter of the same fiscal year, according to the latest information announced by CBE.

Net government internal debt reached EGP 894.6 billion, including balances of government bonds and bills, credit facilities received from the two social insurance funds, borrowing from another entities and net balances with the banking system.

Net debt of government bodies is EGP 66.5 billion and net debt of National Bank for Investment registered EGP 239.7 billion, while Inter-indebtedness declined to EGP 67.8 billion at the end of the second quarter of the current fiscal year.