Arab Today, arab today egypt hits new record egp16tn debt
Last Updated : GMT 06:30:05
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Egypt hits new record EGP1.6tn debt

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Arab Today, arab today Egypt hits new record EGP1.6tn debt

Cairo - Mohamed Alloush

Egypt has hit a record EGP1.6tn in national debts, a report by the country's central bank has revealed. The report estimated internal debt at EGP1.38tn at the end of last year. According to the report, 81 percent of debt figures is owed by the government, five percent by public economic bodies and 13.4 percebt by the National Investment Bank (NIB). The country's external debt increased by $0.335bn, or one percent, hitting $34.7bn at the end of the first quarter of the 2012-2013 fiscal year.

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