Egyptian Government Resolves Ministries’ Financial Affairs

Egyptian Government Resolves Ministries’ Financial Affairs

Prime Minister Mostafa Madbouly held a meeting today to discuss the financial issues and resolve any disputes between the Ministries of Electricity, Petroleum and Finance, according to a statement by the Cabinet.

Madbouly stressed that the meeting comes within the framework of the government’s efforts to resolve the historical issues that have long burdened the public finances and caused confusion in the budgets of the three ministries.

According to the official spokesman of the Cabinet, Nader Saad, Madbouly reviewed the debts of the ministries towards one another in order to reach a final settlement on this issue. Madbouly will also hold a meeting with the ministers every two weeks to follow up on the progress in this regard.

Saad added that the government has recently succeeded in resolving one of the most complex issues related to the financial complications on insurance funds and pensions. The government is determined to find a quick, sustainable and efficient solution to the financial interrelations between the ministries.


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