Egypt approves urgent allocations in August

To resume the disbursement of the third tranche of the exceptional aid for irregular workers

  
An employee counts Egyptian pounds in a bank in Cairo, Egypt, November 3, 2016.

An employee counts Egyptian pounds in a bank in Cairo, Egypt, November 3, 2016.

REUTERS/Mohamed Abd El Ghany

Cairo – Mubasher: The Egyptian Ministry of Finance approved urgent financial allocations of EGP 7.500 billion to several state-run bodies during August.

Allocations included EGP 4 billion to the General Authority for Supply Commodities (GASC), in addition to $139.9 million for the purchase of 580,000 tonnes of imported wheat, according to a statement on Wednesday.

The finance ministry also approved an allocation of EGP 300 million to the Ministry of Manpower to resume the disbursement of the third tranche of the exceptional aid for irregular workers, raising the total value of allocations to the third tranche to EGP 800 million.

Moreover, an amount of EGP 1.266 billion has been allocated to the General Authority for Roads, Bridges, and Land Transport to pay compensations for those who have their land expropriated for the construction and development of roads.

Additionally, the finance ministry approved an allocation of EGP 98.5 million to the Cotton Textile Industries Holding Company to pay the wages of employees.

The allocations also included EGP 149.900 million to the Passengers Transportation Authority, EGP 60 million to the Holding Company for Water and Wastewater (HCWW), and EGP 294.800 million to the Egyptian Authority for Unified Procurement and Medical Supplies for the purchase of flu vaccine.

The finance ministry also approved EGP 59.300 million for student health insurance, EGP 35.700 million for children health insurance, and EGP 22.100 million for health insurance for women breadwinners.

The allocations also included EGP 220 million to the National Media Authority to meet the financial obligations towards the employees and EGP 100 million to the National Press Authority.

Source: Mubasher

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