{"id":652244,"date":"2017-01-04T04:06:39","date_gmt":"2017-01-04T04:06:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/govt-borrowing-to-rise-8-5-in-third-quarter-bias-toward-short-term-instruments\/"},"modified":"2017-01-04T04:06:39","modified_gmt":"2017-01-04T04:06:39","slug":"govt-borrowing-to-rise-8-5-in-third-quarter-bias-toward-short-term-instruments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/govt-borrowing-to-rise-8-5-in-third-quarter-bias-toward-short-term-instruments\/","title":{"rendered":"Gov\u2019t borrowing to rise 8.5% in third quarter, bias toward short-term instruments"},"content":{"rendered":"

Government borrowing will rise about 6.4% in the third quarter<\/strong> of the current state fiscal year to EGP 229 bn, according to Al-Borsa, which notes the Finance Ministry will be shifting toward short term instruments to finance the deficit \u2014 a logical move, says CI Capital analyst Hany Farahat, in view of current interest rates. Farahat is also quoted as saying he sees interest rates declining over the course of the year, closing 2017 at pre-float levels. The Borsa story is here<\/a> and the Finance Ministry\u2019s timetable for bond and t-bill issuances in 3Q2016-17 is here (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Government borrowing will rise about 6.4% in the third quarter of the current state fiscal year to EGP 229 bn, according to Al-Borsa, which notes the Finance Ministry will be shifting toward short term instruments to finance the deficit \u2014 a logical move, says CI Capital analyst Hany Farahat, in view of current interest rates. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652244","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"1e230309-20f2-4186-a84f-4a056c6adee6","order":"0","is_powered_by":true,"section_story_id":"16feff72-e0d3-462c-bf83-d365ecbb7974","story_type":"1","photo_url":"","photo_position":"above","related_issue":[652233],"teaser":"","voice_url":""},"yoast_head":"\nGov\u2019t borrowing to rise 8.5% in third quarter, bias toward short-term instruments - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/04\/govt-borrowing-to-rise-8-5-in-third-quarter-bias-toward-short-term-instruments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t borrowing to rise 8.5% in third quarter, bias toward short-term instruments\" \/>\n<meta property=\"og:description\" content=\"Government borrowing will rise about 6.4% in the third quarter of the current state fiscal year to EGP 229 bn, according to Al-Borsa, which notes the Finance Ministry will be shifting toward short term instruments to finance the deficit \u2014 a logical move, says CI Capital analyst Hany Farahat, in view of current interest rates. 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The overnight deposit rate was raised to 18.75% from 16.75%,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598953,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/businesses-eager-for-interest-rates-to-return-to-pre-float-levels-to-boost-investment\/","url_meta":{"origin":652244,"position":3},"title":"Businesses eager for interest rates to return to pre-float levels to boost investment","author":"enterpriseam admin","date":"13 June 2019","format":false,"excerpt":"EXCLUSIVE- The Enterprise business interest rate survey: How far will interest rates have to fall before big business starts borrowing to finance capex? Inflation rose unexpectedly in May, and turmoil in global markets makes it imperative Egypt remain attractive to the carry trade. Together, those factors mean sky-high interest rates\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1967.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":626889,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/govt-in-talks-with-global-lenders-for-long-term-facilities\/","url_meta":{"origin":652244,"position":4},"title":"Gov\u2019t in talks with global lenders for long-term facilities","author":"enterpriseam admin","date":"15 July 2018","format":false,"excerpt":"EXCLUSIVE- Maait says global macro headwinds and outlfows from Egyptian debt instruments push gov\u2019t to seek long-term facilities: The Madbouly government is in talks with international finance institutions line up longer-term facilities that will help plug Egypt\u2019s financing gap, Finance Minister Mohamed Maait told Enterprise over the weekend.Who are we\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598209,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/19\/enterprise-poll-central-bank-of-egypt-to-maintain-rates-despite-drop-in-april-inflation\/","url_meta":{"origin":652244,"position":5},"title":"Enterprise poll: Central Bank of Egypt to maintain rates despite drop in April inflation","author":"enterpriseam admin","date":"19 May 2019","format":false,"excerpt":"SURVEY- CBE to leave key interest rates on hold this Thursday: The Central Bank of Egypt (CBE) will likely leave key interest rates on hold when its Monetary Policy Committee meets this Thursday, according to all 12 economists polled by Enterprise. 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