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Egypt’s domestic debt hit 83% of GDP

According to figures released by Egypt’s central bank, the country’s gross domestic debt reached 83% of its gross domestic product (GDP) in March, Ahram has reported. Public debt climbed to EGP1.7trn at the end of last March, up from EGP1.65trn in December 2013 and EGP1.46trn in March 2013. Total external debt declined to $45.3bn in the third quarter, or 15.4% of GDP, down from the previous quarter’s $45.7bn, but up from the previous year’s $38.4bn.