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Wednesday, 23 September 2020

Egypt's parliament approves fiscal year 2017/2018 draft general budget

Ahram Online , Thursday 22 Jun 2017
Egyptian parliament
Members of the Egyptian parliament attend the opening session at the main headquarters of Parliament in Cairo, Egypt, January 10, 2016. (Reuters)
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Egypt's House of Representatives approved on Wednesday the draft general budget for the fiscal year 2017 /2018, referring it to the State Council for approval.

The House of Representatives also sent its recommendations regarding the budget, worth 1 trillion and 206 billion Egyptian pounds, to the government.

The draft general budget for FY2017/2018 includes the draft economic and social development plan for 2017/2018.

The House of Representatives will hold its next session on the draft general budget on 3 July, after the Eid Al-Fitr holiday.

The 2016/2017 general budget totalled 1 trillion and 256 billion pounds.

The parliament also approved the draft budget for the House of Representatives for FY 2017/2018 with EGP 1.3 billion allocated for salaries, compensation, services and merchandise purchases and non-financial assets purchases.

 

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