{"id":568516,"date":"2020-11-01T04:00:39","date_gmt":"2020-11-01T04:00:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/01\/cabinet-approves-streamlined-budget-legislation\/"},"modified":"2020-11-01T04:00:39","modified_gmt":"2020-11-01T04:00:39","slug":"cabinet-approves-streamlined-budget-legislation","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/01\/cabinet-approves-streamlined-budget-legislation\/","title":{"rendered":"Cabinet approves streamlined budget legislation"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>CABINET WATCH- The Unified Budget Act earned a seal of approval from the <\/strong><strong>Madbouly Cabinet<\/strong> in its weekly meeting last Wednesday, according to a <a href=\"https:\/\/bit.ly\/34M21IW\">statement<\/a>. The legislation stipulates the procedures for formulating the state budget, outlines the distribution of resources to different sectors, and details the mechanisms for regulation and internal compliance. The law would combine the General Budget Law and the <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/28\/contractors-compensation-act-high-on-madbouly-cabinet-agenda\/\">Government Accounting Act<\/a> into a single piece of legislation, which the government says would make financial planning easier. Last we heard, the bill <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/86812266-75a9-427a-af9a-a588318db695\">was scheduled<\/a> to be reviewed by the House Planning and Budget Committee in June.<\/p>\n<p><strong>Also approved in the meeting:<\/strong><\/p>\n<ul>\n<li>A new EGP 16.5 mn project to introduce <strong>a smart transport card and unified ticketing system<\/strong> covering all public transportation;<\/li>\n<li><strong>Settling debts owed to the Oil Ministry<\/strong> by some public sector companies by transferring ownership of some of their real estate assets;<\/li>\n<li>The establishment specialized <strong>plasma collection centers<\/strong> to help Egypt become self-sufficient in the production of plasma and its derivatives to treat disease, according to another <a href=\"https:\/\/bit.ly\/3ecLqRu\">statement<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>CABINET WATCH- The Unified Budget Act earned a seal of approval from the Madbouly Cabinet in its weekly meeting last Wednesday, according to a statement. The legislation stipulates the procedures for formulating the state budget, outlines the distribution of resources to different sectors, and details the mechanisms for regulation and internal compliance. The law would [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[282,72,6154,6153,79,2380,6152,6155],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-568516","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-cabinet-watch","tag-enterpriseam","tag-general-budget-law","tag-government-accounting-act","tag-public-enterprises-ministry","tag-speed-round","tag-unified-budget-law","tag-unified-ticketing-system","wpautop","entry"],"acf":{"mongo_id":"bc792702-bff3-48b7-b42f-3dcb83c07ddc","is_powered_by":true,"section_story_id":"fd019ebf-b81c-424c-91ac-5c94376ca2e6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[568503],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cabinet approves streamlined budget legislation - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/01\/cabinet-approves-streamlined-budget-legislation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet approves streamlined budget legislation\" \/>\n<meta property=\"og:description\" content=\"CABINET WATCH- The Unified Budget Act earned a seal of approval from the Madbouly Cabinet in its weekly meeting last Wednesday, according to a statement. The legislation stipulates the procedures for formulating the state budget, outlines the distribution of resources to different sectors, and details the mechanisms for regulation and internal compliance. 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Background: The draft bill, unveiled by the ministry in January, merges legislation\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573102,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/20\/egypt-plans-to-set-up-council-for-central-planning\/","url_meta":{"origin":568516,"position":2},"title":"Egypt plans to set up council for central planning","author":"enterpriseam admin","date":"20 July 2020","format":false,"excerpt":"LEGISLATION WATCH- Gov\u2019t plans to set up planning council under Unified Planning Act: The government is planning to set up a council to formulate nationwide and governorate-level development plans and have a say in all future laws related to economic, social, and urban planning, the local press reports. 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