Cairo – Mubasher: The Central Bank of Egypt (CBE) would issue Monday EGP 850 million in treasury bonds to fund the country's budget deficit.
The EGP 850 million will be auctioned through two tranches: three-year and seven-year bonds worth EGP 500 million and EGP 350 million, respectively.
Budget deficit is estimated to reach EGP 319.46 in the fiscal year 2016/17 versus EGP 339.5 billion a year earlier.
