Economist Khaled El-Shafei said Sunday, that there is a major threat to the Egyptian economy due to relying on offering treasury bills to reduce the country's budget deficit, Al-Bawaba News reported. Shafei pointed out that the treasury bills will lead to increase the debt as it will reduce 25% of the state's budget revenues annually, stressing that the government must look for new ways new to reduce the budget deficit. Central Bank of Egypt, on behalf of the Ministry of Finance, will offer on Monday 5 billion pounds treasury bills including 3.25 billion pounds 5-years bills and 1.75 billion pounds 10-years bills.