Tawfik announces initial partnership deal between Nissan, El Nasr Automotive to produce 100,000 cars annually    Shoukry in Muscat for Egyptian-Omani committee    Russia warns of external interference in Algeria: Lavrov    Africa anticipates CAF Champions League, Confederation Cup quarter-final draws    Dutch prosecutors consider 'terror motive' in tram shooting    Egypt parliament provisionally approves bill on protecting personal data    Brexit in crisis as PM May plots a course around speaker's obstruction    US-backed SDF: Islamic State camp under full control    Egyptian tourism booms ahead of the global average: World travel council    Pochettino picks Barcelona as favourites to win Champions League    FA to pay Wembley tribute to Christchurch attack victims    Xavi says 48-team Qatar World Cup would be too long    Uganda releases 14 Egyptian expats after embassy intervention    Soda, sports drinks tied to higher risk of early death    Smartphone mindfulness app helps curb loneliness    Devotion in motion: India's Odissi dance discusses faith on Egypt stages through gesture    MP Fouad denounces New Zealand attack, Senator Anning's offensive statement    Real estate sector to prosper by 2020 following inauguration of 14 new cities    Five million students screened for several diseases in presidential health initiative    Ministry of Education offers free internet cards to first secondary students to reform learning    Adviser of Yemeni Minister of Defence dies in Cairo vehicle accident    SAK Developments targets EGP 200m in sales of Cityscape exhibition    Egyptian pound appreciates to highest in over two years    Right man for the right job    Countdown to the eighth Downtown Contemporary Arts Festival    Stream of Red Hot Chili Peppers concert at the Pyramids reaches 2.3 million views on YouTube    Op-ed review: Christchurch attacks, Press Syndicate's election    Borussia Dortmund's late, great victory comes with a warning    Valtteri Bottas wins Australian Grand Prix as Mercedes get off to a flyer    Irrigation Minister warns of water scarcity in Egypt    Egypt's Sisi calls for integration between Arab and African nations at youth forum in Aswan    Egypt's Court of Cassation upholds verdict putting 169 Brotherhood members on terror list    Court of Cassation sentences 27 police officers to 3 years in prison    15th Alexandria International Book Fair kicks off on 25 March    Constitutional consultations begin    Are you using your mind?    Getty's symphony for Tutankhamun    Network overhaul    A matter of principle    The Forty Rules of Love play at Al-Salam Theatre is a must go    Hawas presents booklet of Tutankhamun's GEM displayed relics    Wake-up call in Libya    Leftist Egyptian writer Nabil Zaky dies at 83    In a crowded Eurovision field, standouts emerge    Urban development and social justice    A blueprint for the nation    Perfect present    Medals haul    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

$2.2 billion increase in foreign dept to Egypt
Published in Bikya Masr on 12 - 12 - 2010

CAIRO: The balance of foreign debt rose by 6.9 percent at 2.2 billion dollars reaching 33.7 billion dollars in the end of June 2010 compared to the end of 2009, said a monthly statistical bulletin issued by the Central Bank for November 2010.
The report also said the burden of foreign debt service decreased by $509.3 million, reaching $2.6 billion during fiscal year 2009-2010 compared to the previous fiscal year. At the same time the total domestic public debt amounted to 888.7 billion Egyptian pounds (EGP) (US $156 billion) at the end of June 2010, with government debts representing 74.7 percent or 663.8 billion EGP (US $116 billion), an increase of 101.5 billion EGP.
The total debts of the National Investment Bark amount to 17.7 percent or 157.1 billion EGP (US $27.6 billion), an increase of 16.4 billion EGP (US $2.9 billion).
The bulletin also reported that the state budget deficit reached 98 billion EGP as a result of the difference between revenues, which amounted to 268.1 billion EGP, and total expenditure estimated, 366 billion EGP.
The bulletin pointed to a rise in net international reserves by 9 percent, or 324 million EGP, bringing the total reserves at the end of June 2010 35.5 billion EGP, which covers 8.7 months of merchandise imports.

Clic here to read the story from its source.