The government borrows 4 billion pounds to fill the budget deficitVisits : 49

The government borrows 4 billion pounds to fill the budget deficit

On Monday, the Central Bank of Egypt (CBE) will issue, on behalf of the Ministry of Finance, treasury bonds worth LE 4 billion to cover the state budget deficit.

The value of the first offering is about 2 billion pounds for three years, while the value of the second offering is about 2 billion pounds for seven years.