Daily News Egypt

Finance Ministry allocates EGP 28.17bn to 7 state-run bodies in 1H2019/20 - Daily News Egypt

Advertising Area



Advertising Area

Finance Ministry allocates EGP 28.17bn to 7 state-run bodies in 1H2019/20

The allocations for General Authority for Supply Commodities includes $970.2m letters of credit to import 4.158 tonnes of wheat.


Ministry of Finance approved urgent allocations worth EGP 28.17bn to seven state-run bodies from July to December 2019, according to a ministerial statement on Sunday.

The distribution of the allocations was as follows: General Authority for Supply Commodities (EGP 24.926bn), Egyptian National Railways (EGP 262.7m), Holding Company for Water and Wastewater (EGP 493.2m), Health Insurance Organization, National Media Authority (EGP 1.059bn), Supreme Council of Culture (EGP15.5m), and Cotton & Textile Industries Holding Company (EGP 786m).

The allocations for General Authority for Supply Commodities includes $970.2m letters of credit to import 4.158 tonnes of wheat.

In addition, the ministry directed EGP 265.1m to Egyptian Company for Metro Management and Operation, and EGP 366.6 to Health Insurance Organization.

Advertising Area

https://cdn2.dailynewsegypt.com/2020/01/27/finance-ministry-allocates-egp-28-17bn-to-7-state-run-bodies-in-1h2019-20/
Breaking News

No current breaking news

Receive our daily newsletter
Subscribe