Foreign holdings of Egypt’s public debt instruments hit $19.2bn mid-June

Cairo – Mubasher: Net foreign investments in Egypt’s public debt instruments reached $19.2 billion in mid-June, deputy finance minister Ahmed Kouchouk said, according to Reuters.

Meanwhile, the overall budget deficit stood at EGP 431 billion ($26 billion) during the current fiscal year, Kouchouk added.

The Egyptian prime minister Mostafa Madbouly stated that the North African country’s economy grew 5.6% during the fiscal year 2018-2019.

Mubasher Contribution Time: 17-Jul-2019 18:42 (GMT)
Mubasher Last Update Time: 17-Jul-2019 18:42 (GMT)