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Finance Ministry: EGP 4.5 bln urgent allocations for April 2018

Thursday 17/May/2018 - 12:55 PM
Sada El Balad
Hassanein Tayea
Minister of Finance Amr al-Garhy approved a number of urgent allocations worth EGP 4.5 billion for April 2018، the Finance Ministry said in a statement.
The statement added that these allocations would go for the Commodity Supply Authority، the Railways Authority، General Authority for Health Insurance، and the National Information Authority.

The statement added that EGP 4 billion went for the Commodity Supply Authority، in addition to issuing $ 116.8 million to import 475،000 tons of wheat.

“EGP 60.6 million was allocated to the General Authority for Health Insurance in January 2018 and EGP 220 million was also allocated for the Egyptian National Media Authority.
The allocations included EGP 98.5 million as a contribution for the Holding Company for Cotton، Spinning and Weaving in order to provide liquidity for employees’ salaries.
The amount of EGP 62.5 million was also provided to the Holding Company for Water and Wastewater.

The National Railways Authority and subway subscriptions were involved in the allocations by EGP 61.9 million and EGP 5.8 million، respectively.

The ministry allocated EGP 4.3 million as employees’ salaries at three irrigation companies and EGP 2.6 million to the Higher Council for Culture.

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