Cairo-Mubasher: The Central Bank of Egypt (CBE) will offer on Sunday treasury bills at a total value of EGP 7.5 billion, to finance the state's budget deficit.
The first 91-day issue is worth EGP 3 billion, while the second 266-day issue is valued at EGP 4.5 billion.
The budget deficit stood at EGP 96.7 billion, or 3.4% of GDP in the first four months of the fiscal year 2015/16, against EGP 84.5 billion or 3.5% of GDP during the similar period of the previous year.
