Infograph: Egypt's short-term external debt hits all-time-high in Q1 FY2023/2024

Muhammed Khalid , Sunday 14 Jan 2024

Egypt’s short-term external debt reached an all-time high at around $30.27 billion in the first quarter of the fiscal year (FY)2023/2024 – July/September – up from $28.15 billion in the previous quarter, according to data released on Sunday by the Central Bank of Egypt (CBE).

External Debt Egypt infograph.
External Debt Egypt infograph.

 

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Short-term external debt includes government obligations that are scheduled to be paid off within a year or less.

However, total external debt inched down to $164.52 billion in July-September from $164.73 billion in the previous quarter.

Egypt is required to pay $32.79 billion in debt service in 2024, based on the CBE’s latest external position data until the end of June 2023.

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