Lebanon PM seeks foreign support for reforms amid protests    UK lifts four-year ban on flights to Egypt's Sharm el-Sheikh    UK PM Johnson will seek election if parliament rejects Brexit timetable: BBC    NBE leasing arm receives EGP1bln loans from 5 banks    President Sisi arrives in Sochi for Russia-Africa Summit    Live score: Juventus v Lokomotiv Moscow (UEFA Champions League)    Israel's Netanyahu gives up effort to form new government    Turkey to resume northern Syria operation if US does not keep promises: Erdogan    Beckham's stadium complex for Inter Miami taking shape    Tennis: Hewitt happy to end Davis Cup exile of "different" Kyrgios    Saudi profits from corporate earnings, Qatar extends losses    Canada's Trudeau retains power in election but will have minority government    Egypt's parliament endorses €205 mln loan deal with EBRD to upgrade Cairo Metro's first line    Liverpool's Egyptian star Mohamed Salah among 2019 Ballon d'Or nominees    Egypt's train fares to not increase until developing services – minister    Oil steady on weak demand worries despite U.S.-China trade optimism    Liverpool's Egyptian winger Salah ruled out of Manchester United clash    European markets seen cautiously higher as Brexit uncertainty returns    Parliament committee to address problem of stray dogs in Egypt    Shell Egypt to sell assets in Western Desert to focus on offshore exploration    WHO hails 'triumph' as Ebola vaccine gets European green light    Current and ex smokers may lower lung cancer risk with exercise    Egypt's Sisi praises SCC's role in protecting justice, rights, freedoms    France's President Macron receives Egypt's Coptic Pope Tawadros II at Elysee    After a young pupil dies of meningitis in Egypt, tips to help prevention    French President Macron receives Egypt's Coptic Pope Tawadros II at Elysee    Grand Nile Tower Arts & Cultural Centre launches second round    Egypt's coach Hossam El-Badry satisfied with winning start despite technical problems    Luxor's new discoveries    Moroccan film Nomades scoops awards in Alexandria Film Festival    Six authors vie for Booker prize 2019, Atwood in the lead    In Photos: A sneak peek into rehearsals for the Cleopatra ballet world premiere    Sisi: army engaged in attrition phase against terrorism in Sinai since 2013    Sisi, Ethiopia's PM to meet in Moscow to discuss GERD issue    Sisi, Ethiopia's PM agree to overcome obstacles in Nile dam talks    Farwell to Egyptian comic actor Talaat Zakaria    Court sentences six to death, 41 to lifetime imprisonment violence related case    Trump says he would release Mideast peace plan after Israeli elections    ACWA Power compares 3 bids to supply production units for Luxor power station    What do you know about gold alloying?    NBE announces EGP 2.5m prizes for handball youth teams for their world achievements    Jennifer Lopez evokes Egyptian outrage post her North Coast performance    Al-Sisi honours Egypt's scholars on Science Day    IS claims responsibility for suicide bombing killing 63 in Afghan wedding    Political parties gear up for parliamentary, senate, local elections    Unprecedented Glory: Egypt win Men's U-19 World Handball Championship    12th National Egyptian Theatre Festival fuel up public theatre art scene    Ministry of Environment has a plan for "black clouds season"    







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.
BM


Clic here to read the story from its source.