Egypt discusses strengthening agricultural ties, investment opportunities with Indian delegation    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    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's President, Pakistan's PM condemn Israeli attack on Qatar    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.



Planning and budget committee to study budget reports next month: MPs
Health committee demands increasing financial allocations for sector by EGP 20.7bn to reach EGP 82bn
Abdel Razek Al Shuwekhi Published in Daily News Egypt on 30 - 05 - 2018

The planning and budget committee of parliament plans to hold, during the first week of June, its first meeting to study the reports of the specialised qualitative committees regarding the draft budget for the next fiscal year.
Mervat Elksan, member of the committee, said that the specialised committees will present all the reports with their demands and observations regarding the draft budget this week.
She added that the committee is studying these observations and demands, together with Ministry of Finance officials. A final report on the draft budget will be sent to the general committee in order to set a date to discuss and vote on them.
Several committees demanded increasing the financial allocations for some sectors, with education and health being the most prominent within the context of adherence to the constitutional stipulations regarding providing allocations for the three sectors worth 10% of Egypt's GDP.
Daily News Egypt revealed that the health committee of parliament demanded increasing the financial allocations of the sector by EGP 20.6bn to reach EGP 82bn. The education committee demanded increasing the sector's financial allocations to EGP 43bn, with EGP 15bn for higher education and scientific research and EGP 28bn for basic education before university.
Silvia Nabil, member of the committee, said that studying the demands of some sectors is taking place within the framework of redistributing allocations in accordance with the budget's financial resources.
The financial statement issued by the Ministry of Finance showed a deficit of 8.4% and a growth rate of 5.8% in the draft budget for next fiscal year.
The targeted tax revenues during next financial year are at EGP 770bn and other revenues are at about EGP 200bn.
Medhat El-Sherif, representative of parliament's economic committee, said that his committee has completed discussions on the budgets of various economic bodies within the draft budget for next fiscal year. The technical secretariat of the committee was assigned to draft recommendations and send them to the planning and budget committee.
He added that the committee has many observations on the work of economic bodies during the upcoming period to turn losses into profits.
Several economic bodies have requested increasing financial allocations for next financial year. The most prominent ones are the Egyptian Commercial Service, the Export Support Fund, and the Egypt Expo and Convention Authority (EECA).

Clic here to read the story from its source.