The Central Bank of Egypt held four T-Bill auctions over the last few days, and sales amounted to EGP 55.4 billion, which will go towards plugging the budget gap.
Browsing: déficit
A slowdown in foreign purchases made the gap between the Arab country’s imports and exports grow smaller in the first seven months of this year.
Trade balance deficit stood at USD 6.9 billion in 2019, a result of exports at USD 15.5 billion and imports of USD 22.5 billion.
At USD 7.8 billion, the deficit in October was the widest for the month since 2014.
The deficit in goods and services trade and income transfers in September was far wider than a year ago.
Deficit at public accounts was lower than a year ago, when it reached USD 3.6 billion.
Country received USD 2.19 billion, down 68% from a year ago. Amount was not enough to cover current account deficit of USD 2.91 billion in the month.
Deficit rose to USD 3.87 billion, up 6.8% from a year ago. Exports increased by just 0.5%, while imports increased by 4%.
