Egypt's gov't aims to enhance transparency, governance during FY 22/23

CAIRO - 16 August 2022: The Egyptian government aims to enhance transparency and governance in the state’s administrative apparatus during the new fiscal year 2022/2023.

 

This will be through developing a transparent system that responds and interacts with the citizens and is subject to societal accountability, while setting clear rules to prevent and reduce corruption.

 

This comes within an integrated system for institutional reform and development of the state's administrative apparatus, according to the financial statement submitted by Minister of Finance Dr. Mohamed Maait to the House of Representatives headed by Counselor Dr. Hanafi Jabali.

 

It is noteworthy that a law linking the state’s general budget for the fiscal year 2022/2023, which was ratified by President Abdel Fattah El-Sisi, estimated the total uses at EGP 3,066,314,190,000 (only three trillion and sixty-six billion, three hundred and fourteen million and one hundred and ninety thousand pounds).

 

The revenues of the state’s general budget and its proceeds from lending and sales of financial assets and other assets were estimated at 1,542,675,640,000 pounds (only one trillion five hundred and forty-two billion six hundred and seventy-five million six hundred and forty thousand pounds).