Egypt projects borrowing needs will climb 7.1% in 2021/22
By Reuters Staff 2 Min Read (Corrects Sunday story to say “surplus of 1.5%” (not 5.1%) in paragraph 5; adds draft budget revenue, expenditure) FILE PHOTO: A view of the city skyline and River Nile from Cairo tower building in the capital of Cairo, Egypt December 5, 2019. REUTERS/Amr Abdallah Dalsh/File Photo CAIRO (Reuters) -Egypt expects its borrowing needs to rise by 7.1% to 1.068 trillion Egyptian pounds ($68.1 billion) in the financial year that will begin in July, according to a copy of the draft budget. The government projected raising 66 billion pounds of this by selling internatio...
Source: reuters.com