Cairo - Mubasher: The Central Bank of Egypt (CBE) will issue, in coordination with the Ministry of Finance (MoF), treasury bonds worth EGP 10.25 billion to support the country's state budget deficit.
The first tranche of the treasury bonds amounts to EGP 4.75 billion to mature in 91 days, while the second tranche is valued at EGP 5.5 billion and set to mature in 273 days, according to the CBE’s website.
The Egyptian finance ministry says the total budget deficit for the fiscal year 2015/16 is around EGP 319.46 billion.
