1 Day
Source:
بوابة أخبار اليوم
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PM: Financial ties key government focus
The Egyptian government has focused on resolving the issue of financial entanglements between ministries and entities to improve their financial capacity and enhance economic efficiency. Prime Minister Mustafa Madbouly held meetings to discuss procedures for ending these entanglements, including signing protocols and agreements to settle old debts, especially those related to funding the establishment of government universities and accumulated debts dating back to the 1980s. Discussions also covered the reasons behind the accumulating debts between the Ministry of Supply and the General Authority for Commodities, which have been affected by rising import costs and regional crises. The aim was to finalize the issue of entanglements to bolster stockpiles of essential goods and support the strategic role of the authority. Notably, these efforts are part of a broader goal to restore financial balance, alleviate the burden on the general budget, and improve overall economic performance.
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