Cairo – Mubasher: Egypt’s central bank will auction Thursday treasury bills at a total value reaching EGP 9.5 billion to finance the country’s budget deficit.
182- and 357-day T-bills will be offered at EGP 4.5 billion and EGP 5 billion respectively.
Egypt’s budget deficit during the first half of the fiscal year 2015/2016 widened to EGP 177 billion, or 5.9% of gross domestic product, from EGP 132 billion, or 6.7% of GDP, in the same period a year earlier.
