In a statement on Monday, the bank said the deficit of the current account balance increased to $7.6 billion in the first half of the 2020-2021 fiscal year against $4.6 billion in the corresponding period last year.

The bank detailed that the deficit of the non-petroleum trade balance went up by $1.2 billion to register about $19.1 billion.

The bank added that the current transfers ratcheted up by $13.5 percent to record about $15.5 billion against $13.7 billion a year earlier.

The petroleum trade balance registered a deficit of $54.5 million in the first half of the 2020-2021 FY against a surplus of $733.3 million in the same period of the previous year as a result of a drop in the petroleum exports.

The investment income dropped by $347.8 million to register $5.4 billion, the statement said, adding that the net foreign direct investments flow to Egypt went up by some $3.9 billion to register $9.2 billion.