Global pressure mounts on Israel as Gaza death toll surges, war deepens    Egypt targets 7.7% AI contribution to GDP by 2030: Communications Minister    Irrigation Minister highlights Egypt's water challenges, innovation efforts at DAAD centenary celebration    Egypt discusses strengthening agricultural ties, investment opportunities with Indian delegation    Al-Sisi welcomes Spain's monarch in historic first visit, with Gaza, regional peace in focus    Cairo governor briefs PM on Khan el-Khalili, Rameses Square development    El Gouna Film Festival's 8th edition to coincide with UN's 80th anniversary    Egypt's gold prices fall on Wednesday    Egypt expands medical, humanitarian support for Gaza patients    Egypt condemns Israeli offensive in Gaza City, warns of grave regional consequences    Cairo University, Roche Diagnostics inaugurate automated lab at Qasr El-Ainy    Egypt investigates disappearance of ancient bracelet from Egyptian Museum in Tahrir    Egypt launches international architecture academy with UNESCO, European partners    Egypt signs MoUs with 3 European universities to advance architecture, urban studies    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    Egypt condemns terrorist attack in northwest Pakistan    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



EGP 500m extra subsidy for supply commodities in Ramadan: Finance ministry
EGP 5bn to agricultural credit and supply commodities to finance purchasing local wheat, says budget director
Mohamed Ayyad Published in Daily News Egypt on 01 - 06 - 2015

The Ministry of Finance has allocated EGP 500m as an additional subsidy for the commodities of the ration cards during the holy month of Ramadan.
This is within the EGP 6.7bn offered by the Ministry of Finance to the Ministry of Supply for several purposes, according to Mohamed Abdel Fattah, director of the budget department at the finance ministry.
"The Minister of Finance has agreed to provide EGP 6.7bn to the Ministry of Supply, including EGP 5bn to the Bank of Agricultural Credit and the General Authority for Supply Commodities to finance purchasing local wheat," according to Abdel Fattah, Monday.
"The total amounts that have been transferred to the Ministry of Supply and Internal Trade since the supply door was opened mid-May reached about EGP 10bn," according to the Ministry of Finance statement, Monday.
The allocations of Ministry of Supply also include EGP 1bn, a subsidy value for ration cards' commodities for May, and EGP 500m and the value of additional subsidy to ration card commodities for the month of Ramadan, added Abdel Fattah.
This is also in addition to EGP 200m to repay the sugar company for the price difference of providing sugar cane from the farmers.
Those amounts, which the Ministry of Finance agreed to provide to the Ministry of Supply, are within the EGP 7.1bn allocated for the ministries of transport, investment, local development and the Supreme Press Council, according to the Ministry of Finance statement.
EGP 165.7m were provided for the Ministry of Petroleum to repay gas delivery companies after delivering gas to 78,661 housing units.
The Ministry of Finance had also provided EGP 88.5m to the Ministry of Investment represented in the restructuring fund in the public business sector. The amount was provided to pay for the wages of the spinning companies' workers. Another EGP 72.5m was given to the Ministry of Transportation as a subsidy for the students' subscriptions to railway and the non-economic railways in the authority.
The Ministry of Finance has also approved providing EGP 17m to the Supreme Press Council to meet the increasing value of training and technology for reporters, administrators and workers in the national, party and independent newspapers from the beginning of March 2015.
The Ministry of Finance also provided approximately EGP 1.8m to the Ministry of Local Development to repay the dues of the cleaning companies in the provinces of North Sinai and Port Said.

Clic here to read the story from its source.