Press Release
Minister of Finance:Immediate allocations amount 5 Billion EGP for Ministries of Electricity, Health, Justice, Supply, Petroleum, and Housing
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• 1.5 Billion EGP allocated for Ministry of Electricity to face overloads in summer.
• 1.8 Billion EGP allocated for Ministry of “Petroleum” to pay the dues for petroleum products provided to power stations.
• 246 Million EGP allocated for Ministry of Health to pay the value of free treatment medicines and measles cure.
• 5 Million EGP allocated for new headquarters and branches of Council of State in 7 governorates.
Minister of Finance, Hany Kadry Dimian approved number of immediate allocations amount 5.103 billion EGP for Ministries of Electricity, Health, Justice, Supply, Petroleum, and Housing, in light of the government’s efforts to improve public services and overcome any emergent problems.
The Minister disclosed that these allocations include 1.507 billion to complete the Ministry of Electricity’s plans to face the overloads during the coming summer. This amount will be paid to power stations suppliers as an advance payment in favor of the Egyptian Electric Holding Company, which increases the total transferred amounts to the sector for this purpose around 7.13 billion EGP, this will contribute to ensure regular power supply all over the country.
Head of General Budget Sector, Mohamed Abd Elfattah, clarified that these allocations also include the amount of 1 billion and 855 million EGP, the value of petroleum products supplied to the electricity sector, and the dues amounted 45.9 million EGP for Canal Company of Electricity Distribution from the first of May till the end of November of previous year; in order to fulfil the Palestinian Authority’s indebtedness incurred by Egypt in supporting the Palestinians, adopting the Arab summits resolutions.
He added that Minister of Finance also approved the allocation of 1 billion and 140 million EGP for General Authority for Supply Commodities to finance the import of 240,000 tons of wheat at the value of 860 million EGP, and 280 million EGP of the account of ration cards commodities subsidies.
He revealed that Ministry of Finance transferred 45 million EGP to Ministry of Investment to pay price variations of delivered cotton to local mills, in addition to transfer of about 246.8 million EGP for Ministry of Health, including 134 million EGP to finance the procedures taken by Ministry of Health to face measles and German measles to cap its spread, in addition to 112.8 million EGP to pay the dues of medicine companies at general budget entities for the free medicine program.
He said that the decisions approved by Minister of Finance also contain transfer of 116.5 million EGP to Ministry of Petroleum for Natural Gas Delivery Program; 65 million EGP to Ministry of Housing, Utilities & Urban Communities for efficiency promotion and rehabilitation of 10 government buildings of Upper Egypt governorates; provide 5 million EGP to the State Council’s appropriations in order to face the burden of opening a new headquarters and branches in 7 governorates in the Republic, and 38.9 million EGP for the Holding Company for Water and Wastewater.
He refereed that Minister of Finance approved the provision of 64.24 million EGP to increase the budget of Cairo Cleanliness and Beautification Authority in order to pay the dues to the cleaning companies for the first quarter of current fiscal year, and to pay all the dues of cleaning companies in Cairo governorate for the previous fiscal years till 30-6-2014 in full.
(Source: Ministry of Finance)
• 1.8 Billion EGP allocated for Ministry of “Petroleum” to pay the dues for petroleum products provided to power stations.
• 246 Million EGP allocated for Ministry of Health to pay the value of free treatment medicines and measles cure.
• 5 Million EGP allocated for new headquarters and branches of Council of State in 7 governorates.
Minister of Finance, Hany Kadry Dimian approved number of immediate allocations amount 5.103 billion EGP for Ministries of Electricity, Health, Justice, Supply, Petroleum, and Housing, in light of the government’s efforts to improve public services and overcome any emergent problems.
The Minister disclosed that these allocations include 1.507 billion to complete the Ministry of Electricity’s plans to face the overloads during the coming summer. This amount will be paid to power stations suppliers as an advance payment in favor of the Egyptian Electric Holding Company, which increases the total transferred amounts to the sector for this purpose around 7.13 billion EGP, this will contribute to ensure regular power supply all over the country.
Head of General Budget Sector, Mohamed Abd Elfattah, clarified that these allocations also include the amount of 1 billion and 855 million EGP, the value of petroleum products supplied to the electricity sector, and the dues amounted 45.9 million EGP for Canal Company of Electricity Distribution from the first of May till the end of November of previous year; in order to fulfil the Palestinian Authority’s indebtedness incurred by Egypt in supporting the Palestinians, adopting the Arab summits resolutions.
He added that Minister of Finance also approved the allocation of 1 billion and 140 million EGP for General Authority for Supply Commodities to finance the import of 240,000 tons of wheat at the value of 860 million EGP, and 280 million EGP of the account of ration cards commodities subsidies.
He revealed that Ministry of Finance transferred 45 million EGP to Ministry of Investment to pay price variations of delivered cotton to local mills, in addition to transfer of about 246.8 million EGP for Ministry of Health, including 134 million EGP to finance the procedures taken by Ministry of Health to face measles and German measles to cap its spread, in addition to 112.8 million EGP to pay the dues of medicine companies at general budget entities for the free medicine program.
He said that the decisions approved by Minister of Finance also contain transfer of 116.5 million EGP to Ministry of Petroleum for Natural Gas Delivery Program; 65 million EGP to Ministry of Housing, Utilities & Urban Communities for efficiency promotion and rehabilitation of 10 government buildings of Upper Egypt governorates; provide 5 million EGP to the State Council’s appropriations in order to face the burden of opening a new headquarters and branches in 7 governorates in the Republic, and 38.9 million EGP for the Holding Company for Water and Wastewater.
He refereed that Minister of Finance approved the provision of 64.24 million EGP to increase the budget of Cairo Cleanliness and Beautification Authority in order to pay the dues to the cleaning companies for the first quarter of current fiscal year, and to pay all the dues of cleaning companies in Cairo governorate for the previous fiscal years till 30-6-2014 in full.
(Source: Ministry of Finance)
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