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FINANCIAL NEWS
Egypt’s debt to grow by 21.8 percent of GDP
04 Aug 2016
(MENAFN) Egypt’s external debt will jump to 21.8 percent of GDP in 2019/2020, recoding USD82.2bn.
Accordingly, the country’s debt will grow to 17.5 percent of GDP or USD54.9bn in 2015/2016, compared to 14.5 percent or USD48.1bn in 2014/2015.
In addition, this would increase to USD19bn in FY 2016/2017, compared to USD17.6bn in 2015/2016.
On the other hand, imports are predicted to decline to USD55.3bn this year, compared to USD75.4bn in 2015.
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