Egypt’s foreign debt declines to $46.1bn last September

Egypt's foreign debt dropped by about 2 billion dollars, or 0.4%, to reach about 46.1 billion dollars last September compared with 48.1 billion dollars last June.

The CBE attributed the decline in foreign external debt partly to the increase of paying loans and credit facilities from July to September of fiscal year 2015/2016.

Egypt's gross domestic debt amounted to 2.116 trillion pounds at the end of June 2015, including: 88.4% overdue on the government; 0.5% on general economic bodies; and 11.1% on the National Investment Bank (NIB).

Net domestic debt on the government reached nearly 1.871 trillion pounds at the end of last June, with a decline of 332.9 billion pounds during fiscal year 2014/2015.