SCAF endorses budget, says finance minister

Finance Minister Momtaz al-Saeed has said that the Supreme Council of the Armed Forces has endorsed the state budget for the current fiscal year of 2012/13, as well as the laws governing economic and social development plans, adding that the budget would take effect Sunday.

He added that the ministry is informing each of administration and service authorities of their financial allocations to disburse in accordance with the rules and provisions stated in Law 53/1973.

Edited translation from Al-Masry Al-Youm

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