According to a recent Central Bank of Egypt report, the value of paying interest and foreign debt instalments over the first nine months of fiscal year 2021/2022 exceeded $20 billion, including $3 billion in debt interest.
According to concerned sources, Egypt’s foreign debt will reach 157. 8 billion dollars by the end of the first quarter of 2022, up from 145. 5 billion dollars in December 2021, an 8. 1 percent rise.
Egypt’s trade balance deficit reduced by 358 percent year on year in May, according to the Central Agency for Public Mobilization and Statistics.
The May deficit was $2.61 billion, down from $4.06 billion in the same time previous year, mainly to an increase in exports and a fall in imports, according to the agency.
Total exports grew 18. 3 percent in May to $4. 01 billion, up from $3. 39 billion the previous year, while total imports declined 11. 1 percent to $6. 62 billion, down from $7. 62 billion the previous year.
45 billion the year before.
In terms of navigation, he announced in Egypt that the Suez Canal had earned a total of 12.3 billion pounds from the beginning of this year, which coincided with the Ukrainian-Russian crisis, until the end of last June, as a result of an increase in the number of oil tankers passing through the canal.
Egypt paid $20 billion in instalments and debt interest in 9 months.
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