Gov't discusses resolving financial intermingling among ministries

CAIRO - 18 July 2019: Prime Minister Mostafa Madbouli chaired on Thursday a meeting to discuss means of putting an end to financial intermingling among the various ministries.

The ministers of electricity, petroleum and finance were present at the meeting.

The premier said the meeting falls within the framework of the government's efforts to solve the chronic files that have burdened the state's financial sector and subsequently complicated the budgets of ministries.

As the government has succeed recently in resolving one the state's most critical issues namely financial intermingling between the budgets of insurances and pensions - through finding an efficient and sustainable solution to it, it is determined to resolve the current intermingling among the ministries of finance, petroleum and electricity, the Madbouli noted.

During the meeting, the ministers of electricity, petroleum and finance reviewed their ministries creditor and debtor status, said Cabinet Spokesman Counselor Nader Saad.

Madbouli, meanwhile, ordered finding a settlement to the financial standoff between the ministries of electricity and finance through convening the technicians of both ministries, as a first step towards reaching an all-out settlement to involve the petroleum ministry at a later stage.

He said that he will hold a bimonthly meeting with ministers concerned to follow up progress achieved in this aspect, till a final settlement to the problematic file is reached.