NO. 12/13

25-DEC-1989/1 JAN1990

Financial and Banking News

Budgets & Revenues

Egyptian Debt Service in 1988/89 Was $1.8bn

According to a statement by the Egyptian Minister of Finance, Mr. 'Atif Sidqi,to the People's Assembly, Egypt paid a total of $1.8bn in interest and principalrepayments on its foreign debt during the fiscal year 1988/89, which ended on 30June 1989. Other statistics included in his address reveal that the EgyptianGovernment's foreign debt grew from $28.9bn to...