600 Million EGP. for the General Authority for Roads and Bridges

One Million EGP. for the Ministry of Manpower and Emigration to hold the 41^st Conference of Arab Minsters of Manpower

160 Million EGP. allocated for the Supreme Press Council as Training and Technology allowance of Journalists in fiscal year 2014/2015

Within the efforts exerted by the Ministry of Finance to speedily complete preparation of the last fiscal year final accounts, Ministry of Finance required from Minsters of Transport, Housing, Utilities and Urban Communities, Industry and Trade and Governor of Cairo to submit their actual spending statements of their allocations in the economy stimulating package specified as per the additional financial provision adopted in last fiscal year budget, in order to bring back the unused sums to the Ministry of Finance’s accounts in the CBE to be included in funding the priority Projects after submitting the same to the Cabinet.

Minister of Finance, Mr. Hany Kadry indicated that most of the economy stimulating package’s allocations have been already spent, however, some balances are not fully disbursed because the agreed delivery dates of the projects were after 30^th June, which is the end of the last fiscal year budget.

The Minster confirmed that the government is committed to continue the economy stimulating package such as the development of the railroad crossings, maintenance of potable water and sanitation utilities and networks, supply utilities to 35 industrial areas in several governorates, in addition to the project of training for employment and promotion of the Great Cairo Public transport fleet, i.e. the programs that have not fully disbursed their allocations.

As well as the Ministry approved the amount of 600 Million EGP. for Ministry of Transport to complete the fourth phase of its projects included in the investment plan for fiscal year 2014/2015, to pay the dues of the contracting companies with the General Authority for Roads and Bridges against the works executed in last May and June, so that the Authority can implement its plan in the specified date.

Also the Ministry availed the amount of 220 Million EGP. for July 2014 to the Radio & Television Union, the Ministry agreed to pay 19 Million EGP. direct to the Football Association that represents the remaining dues of the Association and the clubs with the Radio & Television Union for last season, as  Ministry of Finance previously paid the amount of 17.031 Million EGP. direct to the Football Association in addition to 6.21 Million EGP. to settle the Association’s tax dues amounting about 42.767 Million EGP.

Ministry of Finance approved the request of Ministry of International Cooperation to enhance the budget allocated for Ministry of Manpower and Emigration by the amount of one Million EGP. to fund the 41^st Conference of Arab Minsters of Manpower organized by the Ministry during 13 to 20 of next September. As well as increase the allocations of the Supreme Council of Antiquities by the amount of 86.000 EGP. to pay Egypt’s contributions in several international and regional organizations and institutions in that domain, such as the Cultural Heritage Fund, the International Study Center of the Cultural Heritage Maintenance and Renovation  and the International Council of Museums.

As well as availing the amount of 62.5 Million EGP. to support the Holding Company of Potable Water and Sanitation in July 2014. Avoiding the comments of the Central Auditing Organization, Ministry of Finance included the amount of 160 Million EGP. which is the required appropriation to pay training & technology allowance and special increment for journalists previously approved by the ratio of 30 %, Alshaab newspaper’s wages and salaries in the budget of the Supreme Council of Press in fiscal year 2014/2015, to be paid monthly, accordingly the Supreme council shall send the required amounts to the newspapers monthly.

It is worth noting that the last fiscal year budget appropriations allocated for payment of training and technology allowance and special increment and Alshaab newspaper’s wages and salaries reached about 150 Million EGP., an increase of additional 10 Million EGP.  in fiscal year 2014/2015 to meet any additional expenditures.