Cairo-Mubasher: The Central Bank of Egypt (CBE) will issue, in coordination with the Ministry of Finance, treasury bonds worth EGP 3 billion to support the country's state budget deficit
The first tranche stands at a total value of EGP 2.5 billion to mature in 5 years, and the second is valued at EGP 500 million and set to mature in 10 years.
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).
