The Central Bank of Egypt will issue treasury bonds tomorrow November 28 with a total value estimated at 5 billion EGP (U.S. $834.7 million). The first Treasury bond lasts three years and worth 2.5 billion EGP. The second bond costs U.S. $2.5 billion and will last five years, as well-informed sources told Youm7. The value of the deficit in the general budget for the current fiscal year is valued at 134 billion EGP (U.S. $22.37 billion), rectified by the Central Bank by issuing bills and treasury bonds, on behalf of the Ministry of Finance with a total value estimated at 120 billion EGP (U.S. $20.03 billion). The rest of the deficit totals at 14 billion EGP (U.S. $2.34 billion) and will be filled through grants and aid from Arab countries and international loans.
