Cairo – Mubasher: The Central Bank of Egypt (CBE) would issue Thursday treasury bills worth EGP 11.5 billion to fund the country's budget deficit.
The EGP 11.5 billion will be auctioned through two tranches: 91-day bills worth EGP 5.5 billion and 273-day bills worth EGP 6 billion.
Budget deficit reached EGP 311 billion, or 11.2% of GDP, during July-May 2015/16.
