Dr. Samir Radwan Finance Minister: No prejudice to the support system and the public treasury bear any rises in commodity prices globally
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• 2.8 billion pounds to boost its provision for SCA to buy wheat and the provision of supply goods.
• 100 million pounds in additional allocations to the Ministry of Social Solidarity to face the addition of 150 thousand families to pension security.
• Continuing coordination with the Central Bank to facilitate payment of pensions and 167 thousand spend their dues so far.
• Continuation of work at the customs outlets throughout the day, including Fridays and holidays to facilitate the shipment of exports and the release of imports.
• Postpone the payment of fines and the interests of delaying of the sales tax.
Dr. Samir Radwan, Minister of Finance, the government's keenness on not compromising the support system which it is an essential and important role in the financial policy of the state, stressing that the public treasury will bear any increase that may occur in the prices of basic or supply commodities globally .He said that under this policy the Ministry of Finance provided 1.5 billion pounds for the SCA to finance the purchase of wheat from abroad, which raises the value of the amounts made available by the ministry during the past two days for the authority to more than 2.8 billion pounds, as had previously been strengthened provisions by 1.3 billion pounds to provide all goods which benefiting 65 million citizens registered in Supply cards.
The minister revealed an increase in allocations to the Ministry of Social Solidarity for the current fiscal year worth 100 million pounds in order to cope with the increased number of families beneficiaries of social security pension by about 150 thousand families.
The minister said that he was preparing a report to Prime Minister Ahmed Shafiq on the package of measures taken by the Ministry of Finance to restore economic stability in the face of events in Egypt adding that the report showed that about 168 thousand pensioner spent their pension for the month of February, which worth 67 million pounds.He added that the Ministry of Finance coordinate with Dr. Farouk Elooda Governor of Central Bank of Egypt for the continuation of payment of pensions electronically via the ATM of commercial banks, which bear the slogan 123 where it was agreed to continue feeding the machines cash to facilitate the pensioners and their beneficiaries. The Minister of Finance, Customs ports continued for a fourth day in a row in the release of Egypt's imports of strategic goods without payment of customs duties and taxes due, until the resumption of the banks. He said he had issued instructions to all ports and areas of customs set down to work throughout the period allowed to roam, including Fridays and weekends to speed the release of goods imported food, and for Customs issued, it was decided to continue its work throughout the day to facilitate the exit procedures for customs release for Egyptian exports to the outside. He pointed out that to ensure the availability of goods in the market, it will be coordinate with all concerned parties to secure the transfer and shipment of goods from ports to the areas and distribution outlets in various local markets. As part of the package of measures taken by the Finance Minister to reduce the burdens on the business community and industry, He said that the commercial and industrial community can inquire about anything regarding taxes by calling the following numbers:19897 and 8008009800 and 27929911 and 27929922.
(Source: Ministry of Finance)

