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Egypt’s domestic debt exceeds EGP 4tn in December 2018: CBE - Daily News Egypt

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Egypt’s domestic debt exceeds EGP 4tn in December 2018: CBE

The CBE said in its monthly report on Tuesday that the domestic debt reached 78.2% of GDP.


The domestic public debt of Egypt reached EGP 4.1049tn at the end of December 2018, against EGP 3.887tn at the end of September 2018, up by EGP 220bn (5.66%), according to the Central Bank of Egypt.

The CBE said in its monthly report on Tuesday that the domestic debt reached 78.2% of GDP.

CBE added that this debt includes 85.3% owed by the government, 8.3% owed by public economic authorities, and 6.4% owed by the National Investment Bank.

According to the CBE, the net government domestic debt amounted to EGP 3.50tn at the end of December 2018, an increase of EGP 383bn compared to December 2017.

The net debt of public economic authorities amounted to EGP 340bn at the end of December 2018 with an increase of EGP 22.3bn compared to December 2017, while the net debt of the National Investment Bank reached EGP 263.1bn, with an increase of EGP 6.1bn compared to December 2017.

Moreover, Egypt’s external debt rose to $96.6bn at the end of 2018, compared to $82.8bn in 2017, an increase of 4.3%.

https://dailynewsegypt.com/2019/05/21/egypts-domestic-debt-exceeds-egp-4tn-in-december-2018-cbe/
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