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Elham AbolFateh

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Egypt has limitless idle assets: Lawmaker

Tuesday 10/July/2018 - 06:47 PM
Sada El Balad
Ahmed Moamar
Dr. Hussein Issa، Head of Plan and Budget Committee (PBC) at the House of Representatives (HoR) said that Egypt has limitless idle assets.
He suggested that those category of assets should be used effectively to harvest better revenues to support the national economy.
It is worth to mention that PBC held a meeting today، Tuesday to discuss setting a sovereignty fund to run the idle assets.
Dr. Nagla El Beily، Director of the Idle Assets at the Ministry of Planning، Following-up and Managerial Reform attended sitting of PBC today.
Egypt has launched a package of economic reforms to maximize revenues of various assets.
Governments slashed subsides to meet the gap in the public budget. 

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