Interim President Adly Mansour issued a decree increasing the credit balance granted to the Armed Forces General Services Authority at the Defense Ministry by approximately LE517.4 million in the fiscal year 2012/2013, which ended last June.
Mansour also made a decision to increase the budget allocated to the National Organization for Military Production to LE180.8 million.
"The General Services Authority aims for the self-sufficiency of the armed forces in various aspects of life. It offers many civil services and owns many companies in sectors such as construction and food industries," according to the State Information Service.
The organization made a net profit of LE847.9 million in the last fiscal year. The money has been transferred to the Egyptian Ministry of Finance.
The revenues of the National Organization for Military Production reached LE36.7 million, while expenses amounted to LE35.8 million.
Edited translation from Al-Masry Al-Youm
