Cairo – Mubasher: The Egyptian Ministry of Finance (MoF) has announced plans to issue EGP 475.5 billion treasuries in the first quarter of the fiscal year 2018/2019.
The ministry is planning to issue EGP 182 billion treasuries in July and EGP 147 billion treasuries in August, according to an official statement.
The MoF is also projecting to issue EGP 146.5 billion treasuries in September.
Egypt’s budget deficit increased by 14.2% year-on-year in the first eight months of the fiscal year 2017/2018, recording EGP 258.9 billion.
