Cairo - Mubasher: The Central Bank of Egypt (CBE) will issue on Sunday treasury bills worth EGP 16.2 billion, in coordination with the Ministry of Finance (MoF) to support the country’s budget deficit.
The treasury bills will be issued through two tranches, 91-day bills at EGP 8.2 billion, and 266-day bills worth EGP 8 billion, according to the central bank’s website.
The Egyptian finance ministry estimates the total budget deficit for the fiscal year 2018-2019 at around EGP 440 billion
