Egypt registers primary surplus of LE100 mn in Q1 FY20-21

Egypt registers primary surplus of LE100 mn in Q1 FY20-21

Egypt registered a primary budget surplus of LE 100 million (US$6.39 million) in the first quarter of its 2020-2021 financial year, the cabinet said in a statement on Wednesday citing the Finance Minister. It also lengthened the maturity of its debt to 3.2 years as of June from 1.3 years in June 2013. It expects “¦ Continued

The post Egypt registers primary surplus of LE100 mn in Q1 FY20-21 appeared first on Egypt Independent.Egypt registered a primary budget surplus of LE 100 million (US$6.39 million) in the first quarter of its 2020-2021 financial year, the cabinet said in a statement on Wednesday citing the Finance Minister. It also lengthened the maturity of its debt to 3.2 years as of June from 1.3 years in June 2013. It expects “¦ Continued

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