Finance borrows 36 billion pounds in a week to support the budget



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07/15 00:48

The Ministry of Finance plans to support the public budget at the beginning of the current fiscal year by about 36 billion pounds by borrowing from the banks through three proposals. Debt instruments of bonds and treasury bills. The Department of Finance announced today in a report that it is expected to issue treasury bills for periods (91,266,364,182) days with 33 billion pounds on Sunday and Thursday this week .

91,266) days 16.25 billion pounds over the next Sunday, as well as another offer during the same week on Thursday for (364 and 182) with 16.75 values ​​

The Department seeks to issue 5 and 10-year Treasury bills for a total value of LE3 billion next Monday.

Treasury bills and one of the government's financing instruments help increase public debt and investment Public debt increased by £ 3.7 trillion, or 107.9% GDP, in the third quarter of the previous fiscal year, compared with $ 2.7 trillion for the same period last year, or 98.2% of the same production, an increase of 1 trillion THE.

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