Cairo-Mubasher: The Central Bank of Egypt (CBE) will issue, in coordination with the Ministry of Finance, treasury bonds worth EGP 20.25 billion to support the country's state budget deficit.
The first treasury bonds stand at a total value of EGP 4.75 billion to mature in 91 days, and the second is valued at EGP 4.75 billion and set to mature in 182 days.
In addition, the third amounts to EGP 5.25 billion and set to mature in 273 days, while the fourth is valued at EGP 5.5 billion to mature in 364 days.
The country’s budget deficit reaches EGP 191.6 billion during the period from July to January of the fiscal year 2015/16, representing 6.8% of the gross domestic product (GDP).
