Egypt allocates $6.25bln for commodities, services in 2020/21

The allocation represents about 5.8% of the country’s total expenditures

  
An employee counts U.S. dollar bills at a money exchange office in central Cairo, Egypt, March 20, 2019.

An employee counts U.S. dollar bills at a money exchange office in central Cairo, Egypt, March 20, 2019.

REUTERS/Mohamed Abd El Ghany.

Cairo –  The Egyptian government has raised its allocations for commodities and services by 33.7% to EGP 100.2 billion during fiscal year 2020/2021, compared to EGP 74.92 billion in FY19/20.

The amount will be used to finance the purchase of several commodities and services, including buying medicines and medical supplies for hospitals and printing school books, according to a report released by the Ministry of Finance.

The allocation represents about 5.8% of the country’s total expenditures for the coming fiscal year, seen at EGP 1.7 trillion, compared to an expected EGP 1.57 trillion in FY19/20.

Source: Mubasher

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