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Minister of Finance: 4.3 billion EGP allocated for improving Health, Electricity, Irrigation, Supply, Investment and Education services


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News Date: 4/27/2015 12:00 AM  Minister of Finance: 4.3 billion EGP allocated for improving Health, Electricity, Irrigation, Supply, Investment and Education services 

- 21 billion EGP allocated for total subsidy for Electricity Sector within the first nine months of the current fiscal year.

- 135 billion EGP allocated for paying training and technology allowance and journalists’ social allowance.   

Within the efforts exerted by the government to improve public services and support ministries and public entities’ work, Minister of Finance, Hany Kadry Dimian agreed on many urgent allocations amounted to 4.3 billion EGP for Ministries of Health, Petroleum, Electricity, Irrigation, Supply, Investment and Education, and Governorates of Cairo, North Sinai and Port Said. 

Head of the State Budget Sector, Mohamed Abdel Fattah, declared that such allocations include 1 billion and 855.4 million EGP for Ministry of Electricity as allocations for electricity production subsidy, raising the Ministry allocations value since the beginning of the current fiscal year and so far to reach 20 billion and 912.1 million EGP, including 18.4 billion EGP as the value of petroleum products supplied to Electricity Companies during the first nine months of the current fiscal year and 2.5 billion EGP for  importation of gas shipments for electricity generation plants.          

He said that the allocations also include 1.659 billion EGP for Supply Commodities Authority, of which 1 billion EGP for  ration cards subsidy for current April, 500 million EGP for new bread subsidy system, 159 million EGP as guarantees for importing wheat from abroad. Also, 350 million EGP are  allocated to Sugar Company and the Egyptian integrated industries for price variation at receiving sugar cane from farmers.  

As for improving services of the Holding Company for Potable Water, Mr. Mohamed Abdel Fattah referred that the Minister approved providing 82, 5 Million EGP to be distributed to subsidiaries of the Holding Company for Potable Water and Sanitation in different governorates, and providing 36 Million EGP for Public Authority for Drainage projects.

Minister of Finance also approved providing 88, 5 Million EGP for Restructuring Fund to be used in partially covering employee’s wages in Spinning Companies; as well as providing 35 Million EGP for the General Authority for Cairo Cleaning and Beautification to partially pay  Cleaning Companies dues within the governorate; 1, 8 Million EGP for Cleaning Companies in North Sinai and Port Said; 10 Million EGP for the Secretariat of the specialized medical centers affiliated to Ministry of Health, to pay costs of treating Palestinians transferred from the Gaza Strip; and providing 83, 3 for the National Authority for Military Production. 

The Minister approved providing and increasing allocations of the Supreme Council of Press and Syndicate of Journalists to reach 135, 8 Million EGP from the first of July 2014 till the end of last March. These allocations include: 43, 3 Million EGP for financing training and technology allowance for journalists in National newspapers, 22, 6 Million EGP for training allowance of administrative employees and workers in these newspapers, and 31, 4 Million for financing the 2008 social allowance.

He said that the amount also includes 38 Million EGP for financing training and technology allowance for journalists in party and dependent magazines, as well as 329, 600 EGP to pay journalists’ salaries in Al Shaab Newspaper. The amount also includes 365, 5 Million EGP for the Supreme Council of Press and Syndicate of Journalists; to meet urgent and persistent obligations.

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Minister of Finance: 4.3 billion EGP allocated for improving Health, Electricity, Irrigation, Supply, Investment and Education services