Finance minister urges government to abide by state budget allocations

Finance Minister Hazem al-Biblawy on Tuesday urged the government to adhere to the allocations given in the state budget, and not surpass them except in emergency conditions and after the prime minister’s approval.

He also called on the government to spend in accordance with actual needs and for previously-designated purposes.

The minister requested that open commercial bank accounts belonging to government institutions be transferred to the Central Bank, and the state’s profit shares at public-sector companies be transferred to the Finance Ministry on time.

He also encouraged various state bodies to use "self-financing means" to meet additional expenses, so as not to rely fully on the state budget.

Ministry officials said Biblawy had to be firm with various ministries who had requested additional funds to meet labor demands.

Translated from the Arabic Edition

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