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Finance Minister approves 3.7 bln Egyptian pounds in allocations for Dec.

Egypt’s Minister of Finance Amr el-Garhy approved  3.7 billion Egyptian pounds ($209 million) in additional allocations from the state budget to state entities of railway, commodities, media, and journalism.

The allocations included 2.55 billion pounds for the General Authority for Supply Commodities (GASC) for the ration cards and bread subsidies’ of December.

Another 26.4 million pounds was allocated for purchasing 120,000 tonnes of imported wheat.

The Health Insurance Organisation obtained 60.6 million pounds for providing subsidies to students, women breadwinners and infants.

This is in addition to 220 million pounds for the National Media Authority to meet its commitments towards its employees, and 200 million pounds for the National Journalism Authority for similar purposes.

Around 117 million pounds were directed to the Ministry of Petroleum to complete its project of connecting natural gas to households.

Meanwhile, the Holding Company for Water and Wastewater obtained 62.5 million pounds to be distributed to affiliated companies to meet their needs. Source: Egypt today

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