EGP 2.8bn in urgent funds to improve public services

Minister of Finance Hany Kadry Dimian approved urgent funds of EGP 2.8bn for the ministries of Supply, Transport and Local Development, to support their efforts improving public services and providing essential goods to citizens.

Mohamed Abdel Fattah, head of the state budget sector, said the approved amounts by Dimian include: EGP 1.5bn for the Ministry of Supply; EGP 1bn for goods covered by ration cards for July; along with EGP 0.5bn to support the new bread subsidy system. In addition to this, a total of $142.81m will be dedicated to import 650,000 tonnes of wheat.

Abdel Fattah said the fund also includes EGP 74.1m for the Ministry of Transport to support the operation of non-economic railway lines. The money will also be used to support student subscriptions on the railway lines for July, according to the tripartite protocol signed by the Ministries of Finance, Education and Transportation. This will occur alongside the allocation of EGP 15.4m for Egypt’s subscriptions at some international bodies.