Cairo - Mubasher: The Central Bank of Egypt (CBE) will issue on Monday treasury bills (T-bills) worth EGP 1.75 billion, in coordination with the Ministry of Finance (MoF) to support the country’s budget deficit.
The bills will be issued in two tranches; three-year bills at EGP 1 billion, and seven-year bills worth EGP 750 million, according to the central bank’s website.
The Egyptian finance ministry estimates the total budget deficit for fiscal year 2016/2017 at around EGP 319.46 billion compared to an actual deficit of EGP 339.5 billion in the year before.
