Cairo – Mubasher: Total amounts transferred by Egypt’s public treasury to pension funds affiliate to the National Authority for Insurance and Pensions reached EGP 94 billion from July 2019 to January 2020, Egyptian finance ministry Mohamed Maait stated on Saturday.
The transferred amount accounts for more than 58% of a total due amount of EGP 160.5 billion, Maait added.
The total amount is scheduled to be fully paid to the authority during the fiscal year 2019/2020, the minister noted.
Maait said that he gave directives to competent officials to pay social insurance dues before the end of June 2020.
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