The data of the Central Bank of Egypt showed that Egypt's external debt continued to rise, increasing by nearly 15 percent during the year 2020. The Central Bank's figures showed that Egypt's external debt rose by $3.858 billion during the second quarter of the current fiscal year 2020-2021, that is, during the period from September until December 2020, at a value of $16.525 billion over the past 2020 year.
According to official figures issued by the Central Bank, the Egyptian external debt rose to 129.2 billion dollars (about two trillion pounds) until the end of last December, up by 14.7 percent on an annual basis, as it recorded in December 2019 about 112.67 billion dollars, compared to 125.34 last September.
The long-term external debt reached about $117.24 billion at the end of December 2020, compared to $101.37 billion in December 2019. While the short-term external debt reached about $11.96 billion by the end of December 2020, compared to $11.284 billion in December 2019. As for the size of the external debt due on the government, it rose during the first six months of the current fiscal year, by 4.08 billion dollars, to record 77.205 billion dollars at the end of last December, compared to 73.125 billion at the end of September 2020.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
