The headquarters of the Ministry of Finance is pictured in Cairo, Egypt August 4, 2016. REUTERS/Amr Abdallah Dalsh The headquarters of the Ministry of Finance is pictured in Cairo, Egypt August 4, 2016. REUTERS/Amr Abdallah Dalsh

Finance Minister approves LE 3.7B in allocations for December

Mon, Jan. 8, 2018
CAIRO – 8 January 2018: Minister of Finance Amr el-Garhy approved LE 3.7 billion ($209 million) in additional allocations from the state budget to state entitiesof railway, commodities, media and journalism.

The allocations included LE 2.55 billion for the General Authority for Supply Commodities (GASC) for the ration cards and bread subsidies’ of December.

Another LE 26.4 million was allocated for purchasing 120,000 tons of imported wheat.
The Health Insurance Organization obtained LE 60.6 million for providing subsidies to students, women breadwinners and infants.

This is in addition to LE 220 million for the National Media Authority to meet its commitments towards its employees, and LE 200 milllion for the National Journalism Authority for similar purposes.

Around LE 117 million were directed to the Ministry of Petroleum to complete its project of connecting natural gas to households.

Meanwhile, the Holding Company for Water and Wastewater obtained LE 62.5 million to be distributed to affiliated companies to meet their needs.
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