Cairo – Mubasher: The Ministry of Finance (MoF) plans to issue bonds and treasury bills (T-bills) worth EGP 139.75 billion in June, up 16% month-on-month from EGP 166.5 billion in May.
Egypt aims to manage local debt instruments valued at EGP 438.7 billion in the last quarter of the current fiscal year, data by the (MoF) showed recently.
The government also target financing the budget deficit for the fiscal year 2018/2019 with EGP 511.2 billion.
Moreover, the North African nation seeks to issue EGP 409.6 billion T-bills and EGP 101.6 billion bonds during the next fiscal year, according to the country’s budget for FY18/19.
The Central Bank of Egypt (CBE) had previously said that Egypt’s total foreign debt rose 2.3% quarter-on-quarter, or $1.8 billion, to $80.8 billion in the first quarter of fiscal year 2017/2018.
