24 Hrs
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اليوم السابع
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Law mandates authorities report embezzlement to Finance
The Egyptian government enacted Law No. 6 of 2022, which requires administrative entities to report incidents of embezzlement and theft that occur within their affiliated bodies. The law aims to enhance transparency and financial disclosure. It stipulates that the relevant authorities must notify the Ministry of Finance, the Central Auditing Agency, and other oversight bodies immediately upon discovering any cases of embezzlement, theft, misappropriation, or other violations, with specified procedures for implementing these notifications. Additionally, the law states that the state’s general budget for the upcoming fiscal year must be issued and include allocations for government and administrative programs, along with a commitment to periodically publish performance reports to promote community participation in managing public funds.
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