A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Covering January 15 to January 21:
Egypt’s budget deficit declined to 3.6% of GDP in H1 FY 2018/19, down from 4.2% in the previous year, according to an Ittihadiya statement.
The government is aiming to reduce the public debt to 80-85% by the end of June 2022, Amwal Alghad reported.
Egypt ranks at the 15th position out of 221 countries in terms of the highest ratio of government debt to GDP as Egypt’s government debt-to-GDP ratio was at 103% in October 2018, according to the World Economic Forum.
The CBE, on behalf of the Ministry of Finance, issued treasury bills worth EGP 17 billion on January 20, Amwal Alghad reported.
CAPMAS revealed a rise in bank deposit balances FY 2017/18, reaching around EGP 3.5 trillion, an increase of 17.4% over FY 2016/17, Amwal Alghad reported.
