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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Egypt is in the process of expanding the issuance of debt instruments for the remainder of 2017

    Rocky
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    • Post n°1

    Egypt is in the process of expanding the issuance of debt instruments for the remainder of 2017 Empty Egypt is in the process of expanding the issuance of debt instruments for the remainder of 2017

    Post by Rocky Mon 02 Oct 2017, 3:26 am

    [size=30]Egypt is in the process of expanding the issuance of debt instruments for the remainder of 2017[/size]
    02/10/2017 09:17 | Number of readings:
    font size:  Egypt is in the process of expanding the issuance of debt instruments for the remainder of 2017 Font_decrease  Egypt is in the process of expanding the issuance of debt instruments for the remainder of 2017 Font_enlarge
    Egypt is in the process of expanding the issuance of debt instruments for the remainder of 2017 Thumbnail.php?file=a1485020840_666006455
    [rtl]Trend Press / Agencies[/rtl]
     
    [rtl]The Ministry of Finance has announced that it plans to expand the issuance of debt instruments bonds and bills, by 51.2% during the second quarter of the current fiscal year.[/rtl]
    [rtl]The fiscal year begins in early July until the end of June of the following year, according to the General Budget Law.[/rtl]
    [rtl]The Ministry of Finance announced on its website its intention to issue debt instruments at 389.2 billion pounds (22.11 billion dollars) in the second quarter of the current fiscal year against 257.3 billion pounds (14.6 billion dollars) in the corresponding period of 2016, up 51.2 percent.[/rtl]
    [rtl]The ministry decided to issue debt instruments worth 371 billion pounds (21 billion dollars) in the first quarter of the current fiscal year, compared to 306 billion pounds (17.3 billion dollars) in the same period corresponding, an increase of 21%.[/rtl]
    [rtl]By issuing bonds and treasury bills, the Egyptian government owes different periods of time, and government banks are the largest buyers.[/rtl]
    [rtl]Domestic debt rose to 3.073 trillion pounds ($ 174 billion) in March 2017, from 2.496 trillion pounds ($ 141.8 billion) in March 2017.[/rtl]
    [rtl]Earlier in the day, Egyptian Finance Minister Amr Al-Jarhi predicted that the budget deficit in his country during the current fiscal year will reach 9.5%.[/rtl]
    [rtl]The draft Egyptian budget during the current fiscal year, aimed at reducing the budget deficit to 9.1%.[/rtl]

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