Finance Minister Mohamed Maait stated 308.3 billion kilos have been earmarked to the financial our bodies within the new funds to assist them finance extra investments to hold out nationwide improvement initiatives.
In an announcement by the Finance Ministry, Maait stated financial our bodies, totaling 57, are the pillars of financial actions in Egypt and so they contribute to bettering enterprise local weather in a manner that serves nationwide financial system.
Due to the initiatives the nation is now finishing up, Egypt grew to become among the many 4 international locations that managed to attain constructive financial progress regardless of coronavirus pandemic, he added.
These financial our bodies contribute 176.9 billion kilos to the State treasury by way of taxes and duties, he added.
He stated monetary allocations to public investments within the new funds grew by 27.6% to hit 358.1 billion kilos to ensure higher providers to residents.