Business & Economy

Egypt announces sale !!


bank said that the country sold treasury bills denominated in the US currency for one year, valued at $ 988.5 million, with an average return of 3.095%, and the bid will be settled on the fourth of next month.

It is noteworthy that the Egyptian Minister of Finance, Mohamed Maait, announced several months ago that foreign investments in Egyptian debt instruments exceeded 23 billion dollars, while the draft general budget for Egypt for the fiscal year 2021-2022 showed that the government expects an increase in financing needs by 7.1% to 1.068 trillion pounds (68.1 billion dollars). ) Compared to 997.7 billion pounds expected in the current fiscal year 2020-2021.

In the draft budget, Egypt aims for domestic funds to reach 990.133 billion pounds of the total, compared to 832.293 billion in 2020-2021, and external financing of 78.375 billion pounds, down from 165.440 billion


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