The House of Representatives finally approves the deduction of percentages of funds from special funds for the public budget

The Speaker of the House of Representatives, Mr. Ali Abdel-Al, approved the final approval of the bill submitted by the government to reserve a percentage of fund balances, special accounts, special units and surpluses from public bodies to the public treasury.

The project stipulates that the portion of fund balances, special accounts and special units as of June 30, 2018 will be transferred to the Consolidated Revenue Fund as a percentage of surplus balances of utilities, economic and national organizations as at June 30, 2018, More than 5 million LE and not more than LE 7.5 million, 10% of balances exceeding 7.5 million pounds and not exceeding 15 million pounds, 15% of balances exceeding 15 million pounds, 15% of Excess balances of public service organizations Economic and national.

Excludes subsidized research grants, international agreements or donations, university hospital accounts, research and scientific centers, health services and hospitals, health service improvement funds, health and social funds for employees and private insurance funds and social housing projects.