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)

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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