Cairo – Mubasher: Returns on the Egyptian government’s treasury bills varied on Sunday’s auction, as per the date released by the Ministry of Finance (MoF).
The average return on the 91-day bills decreased to 18.956% from 19.017% in last week’s auction, while the return on treasury bills averaged 20.194% up from 19.858%.
According to the MoF, the budget deficit for FY2016-2017 is estimated at EGP 319.46 billion, compared to EGP 339.55 billion last year.
