Allocating 74.6 million EGP for Health Insurance Authority from health insurance subsidy for woman breadwinner and children under school age

Allocating 71.6 million EGP for Railway Authority from student contributions and other than economic class lines subsidy

Running of 916 trains on subsidized lines, between 22 governorates to monthly serve 41 million passengers.

  Minister of Finance -Hany Kadry Dimian, revealed the new mechanism to develop the processes of providing financial allocations for many general budget social dimension programs whereas the allocations shall be transferred to such programs at specific timing whether quarterly or monthly according to each one nature , no need to resubmitted to Minister of Finance to get his prior consent on each allocation and only notifying general budget board before actual execution; increasing the efficiency of such service programs, providing liquidation for such entities so that they can perform their duly role with expected efficiency and continuously serve citizens.

  He mentioned that health Insurance Authority (HIO) is one of the public entities which benefit from the new mechanism, 74.6 million EGP is allocated to HIO as a second allocation tranche for both programs of health insurance on children under school age and woman breadwinner whereas the Public Treasury incur the costs of both programs benefiting 14.5 million children under school age and 621.8 thousands women breadwinners. He indicated that the third and fourth allocation tranche will be provided to both programs at the beginning of each quarter in this fiscal year so that HIO can provide the required high efficiency care services.

Concerning the amounts allocated for supply commodities subsidy since early July 2014 till November 2014, estimated at 12.8 billion EGP, including 6.8 billion EGP for bread subsidy and 6 billion EGP for supply commodities subsidy.

  In this context Minister of Finance revealed that the amount of 71million EGP is allocated for Railway Authority, including 4.444 million EGP for students' contributions subsidy of last September including 3.5 million EGP as contributions for students of Ministry of Education, 463.000 EGP for Ministry of Higher Education students. 281.000 EGP for AL Azhar Institutes students and 144.5.000 EGP for EL Azhar University students. He also indicated that the value of students' contribution subsidy shall be monthly availed.

He also added that he had agreed on allocating 67.411 million EGP for Railway Authority for subsidizing other than economy class lines.

The head of General Budget Sector Mr. Mohamed Abdel Fatah, declared that he had formed teamwork for reviewing The Railway Authority's dues to accelerate transferring its dues, particularly it uses such allocations for purchasing spare parts and operation requirements and periodical maintenance works.

  As for the map of other than economy class lines, he noted that it includes 22 governorates of Egypt, the number of trains operating on such lines is estimated at 916 train that monthly transport 40.946 million passengers.