From debt we came, to debt we shall return: New borrowing makes up half of resources in govt’s draft budget

New borrowing accounts for over half of the resources in the proposed budget for the upcoming fiscal year, while 64 percent of spending is earmarked for debt service, according to a budget analysis report obtained by Mada Masr. The government has been at pains to improve debt indicators amid concerns about national borrowing and Egypt’s long-term ability to repay its debts.  The chart below shows how spending is allocated in […] The post From debt we came, to debt we shall return: New borr...