Egyptian government makes plan for paying local debts

Egyptian prime minister Atef Ebeid assured that the government's debts to the individuals and the corporations till 30th of coming June reached 4600 million L.E and other 400 million debts on the government till end of the current financial year, saying that the government will pay its debts through selling 20% of the government's telecommunication companies shares and 20% shares of petroleum refinery companies as well as 30% of the petroleum distribution companies and that these shares will be raised between coming June and December. The current lack of currency and stagnation were related to many projects that were made by the government that cost millions of pound that were lately proved not to have economic feasibility.