Home Policy Exclusion of private insurance funds from the legislation "Devolution of the proportion of cash"



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The House of Representatives approved the proposal of Dr. Ali Abdel-Aal in the final vote on a bill submitted by the government to reserve a percentage of the fund balances, special accounts, private units and public bodies surplus to the Treasury public.

During today 's plenary session, he proposed to avoid the suspicions of unconstitutionality that might affect the bill. "Some of the special funds in which member contributions are included as the main element are considered private property." Finance Minister Mohamed Muait has accepted Abdel-Aal's proposal. , so that there is no possibility of explanation. "The government agrees with your proposal as it explicitly states the funds that contain

The bill provides for that the Treasury has a percentage of fund balances, special accounts and special units as of June 30, 2018 and a percentage of the surplus balances of public, economic and June 2018 for once, on For the following:

5% of balances of more than 5 million pounds and not exceeding 7.5 million pounds, 10% of balances of more than 7.5 million pounds and not more than not exceeding 15 million pounds and 15% of balances exceeding 15 million pounds [19659003] The provisions of this paragraph do not apply: to the accounts of research projects financed by grants, international agreements or donations, hospital-university funds, research and scientific centers, health services Hospitals and funds to improve their health services Health and social workers. Private insurance funds and social housing projects.

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