CBE offers 273-days treasury bills with EGP 3.5 billion

Central Bank of Egypt, on behalf of Ministry of Finance, offers 273-days treasury bills in value to EGP 3.5 billion, in a move to finance the budget deficit through government debt instruments (treasury bills and bonds) and aids from Arab countries and international loans.

CBE’s governor informed the economic committee of the Lower House of Parliament (People’s assembly) that the public budget deficit increased this year to reach EGP 146 billion, compared with EGP 134 billion in the estimated budget set by the government in last year.