Cairo -Decypha: Egypt’s Minister of Finance, Amr El Garhy, has approved unscheduled grants amounting to EGP 2.825 billion for subsidized commodities, the National Railway Authority of Egypt, and the Holding Company for Drinking Water and Sanitation meet citizen’s needs.
About EGP 2.2 billion will be allocated to the General Authority for Supply Commodities towards financially supporting ration card items, difference in bread points, and difference in baking bread cost for the month of March 2017, according to a statement made by the ministry.
In addition, EGP 220 million will be awarded to Union of Radio and Television so that it can meet the employees’ obligations.
“The amount includes EGP 143.7 million for the payment of natural gas supply to EGP 67,316 domestic customers (December 2016).
EGP 98.5 million is considered as treasury contributions to the Cotton, Spinning and Weaving Company Holding required to pay employee salaries for March 2017.
Grants also include EGP 67 million for the National Railways Authority in support of the student contributions and non-economic lines for the month of February. In addition, EGP 12.2 million pounds for the Metro Egyptian Company for the student membership subsidies.
About EGP 62.5 million will go to the Holding Company for Water and Wastewater under the Water Support Account for March 2017, and EGP 49 million will go to the General Authority for Health Insurance for March 2017 as support for breadwinning women, students, children under age schooling.
He added that EGP 20 million have been made available to the Ministry of Health to deal with the treatment of incurable diseases for preschool children. Supreme Council for Culture will receive EGP 2.6 million to pay employee salaries of Sound and Light Company.
North Sinai will receive EGP 1.7 million to support the General Secretariat cleaning system in March 2017.
By Decypha Editorial Team
