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Egypt's debt to grow by 21.8 percent of GDP
(MENAFN) Egypt's external debt will jump to 21.8 percent of GDP in 2019/2020, recoding USD82.2bn.
Accordingly, the country's debt will grow to 17.5 percent of GDP or USD54.9bn in 2015/2016, compared to 14.5 percent or USD48.1bn in 2014/2015.
In addition, this would increase to USD19bn in FY 2016/2017, compared to USD17.6bn in 2015/2016.
On the other hand, imports are predicted to decline to USD55.3bn this year, compared to USD75.4bn in 2015.
Accordingly, the country's debt will grow to 17.5 percent of GDP or USD54.9bn in 2015/2016, compared to 14.5 percent or USD48.1bn in 2014/2015.
In addition, this would increase to USD19bn in FY 2016/2017, compared to USD17.6bn in 2015/2016.
On the other hand, imports are predicted to decline to USD55.3bn this year, compared to USD75.4bn in 2015.
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