Egypt’s external debt rises to $134.8 billion at March-end

Egypt’s external debt rose 21.15 percent year-on-year to $134.8 billion at the end of March from $123.5 billion in the same period last year, a central bank data showed on Sunday.

The figure is 4.37 percent higher from $129.1 billion in December 2020.

Total long-term debt also recorded $121.58 billion in the first quarter ending in March, around 20.4 percent higher from $100.97 billion in the same period last year, and 3.7 period up from $117.2 billion in December 2020.

Total short-term debt also rose to to $13.26 billion at the end of March from $11.96 billion in December, and $10.316 billion in March 2020.

The data also unveiled that the government’s total external debt surged 33.25 percent year-on-year to $80.491 at March-end.