According to the CBE's official website, the fourth issues are as follows:

An EGP 24 billion auction with a 364-day tenor to be matured on 23 July 2024.

An EGP 19 billion auction with a 182-day tenor to be matured on 23 January 2024.

An EGP 23 billion auction with a 91-day tenor to be matured on 24 October 2023.

An EGP 17 billion auction with a 273-day tenor to be matured on 23 April 2024.

The previous four T-bill issuances by the CBE had mixed results. The most recent auction on 24 July, offering EGP 40 billion in 91- and 273-day tenors, collected only EGP 37 billion at an average rate of 23.5 percent, exceeding the CBE's interest rates of 18.25 percent.

The CBE auctioned EGP 43 billion T-bills on 19 July in two issuances, with 182-day and 364-day tenors, collecting almost EGP 67 billion at an average yield of 24 percent.

Recent reports indicate that in H1 of FY2022/23 (July-December 2022), Egypt's budget deficit surged to over EGP 367 billion (almost $12 billion), equating to roughly 4 percent of the GDP.

Egypt has committed to achieving a budget deficit of 6.1 percent of the GDP and a gross debt ceiling of 92.1 percent of the GDP by the end of the unreleased FY 2022/23.

In May, the government raised its budget deficit estimate for FY 2023/24, which began on 1 July, to 6.9 percent of GDP, up from the previous estimate of 6.3 percent.

Egypt's external debt increased by 5.1 percent in Q4 of 2022, reaching $162.94 billion, up from $154.94 billion in the previous quarter.