{"id":603091,"date":"2019-04-15T03:58:21","date_gmt":"2019-04-15T03:58:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/finmin-gives-15-government-entities-until-end-of-month-to-disclose-special-funds\/"},"modified":"2019-04-15T03:58:21","modified_gmt":"2019-04-15T03:58:21","slug":"finmin-gives-15-government-entities-until-end-of-month-to-disclose-special-funds","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/finmin-gives-15-government-entities-until-end-of-month-to-disclose-special-funds\/","title":{"rendered":"FinMin gives 15 government entities until end of month to disclose special funds"},"content":{"rendered":"

FinMin issues ultimatum to gov\u2019t entities on disclosing special funds before month-end:<\/b> The Finance Ministry has issued formal requests to 15 government entities with some 750 bank accounts connected to their \u201cspecial funds\u201d to disclose these accounts to the government for regulatory oversight, Al Mal reports<\/a>. The ministry has threatened to seize these accounts, which reportedly hold a combined total of EGP 195.3 bn, if the entities fail to comply.<\/p>\n

Background:<\/b> The so-called \u201cprivate accounts,\u201d widely referred to as government slush funds, are typically maintained outside the budget system and have for years been the subject of scrutiny by both the domestic press and corruption watchdogs. MPs began calling for greater oversight<\/a> last year when it was revealed that a \u201cspecial fund\u201d belonging to the Cairo governorate recorded a surplus of EGP 140 mn. The House of Representatives ultimately passed legislation earmarking 5-15%<\/a> of these slush funds for state coffers.<\/p>\n","protected":false},"excerpt":{"rendered":"

FinMin issues ultimatum to gov\u2019t entities on disclosing special funds before month-end: The Finance Ministry has issued formal requests to 15 government entities with some 750 bank accounts connected to their \u201cspecial funds\u201d to disclose these accounts to the government for regulatory oversight, Al Mal reports. The ministry has threatened to seize these accounts, which […]<\/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":[72,276,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603091","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-finance-ministry","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c5656eca-34cf-4be3-9653-35c1cca2e996","is_powered_by":true,"section_story_id":"94e8e5a6-b23c-4ee8-9d0f-006726cc6f62","story_type":"1","photo_url":"","photo_position":"above","related_issue":[603076],"teaser":"","voice_url":""},"yoast_head":"\nFinMin gives 15 government entities until end of month to disclose special funds - 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\/2019\/04\/15\/finmin-gives-15-government-entities-until-end-of-month-to-disclose-special-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FinMin gives 15 government entities until end of month to disclose special funds\" \/>\n<meta property=\"og:description\" content=\"FinMin issues ultimatum to gov\u2019t entities on disclosing special funds before month-end: The Finance Ministry has issued formal requests to 15 government entities with some 750 bank accounts connected to their \u201cspecial funds\u201d to disclose these accounts to the government for regulatory oversight, Al Mal reports. The ministry has threatened to seize these accounts, which […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/finmin-gives-15-government-entities-until-end-of-month-to-disclose-special-funds\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-15T03:58:21+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/finmin-gives-15-government-entities-until-end-of-month-to-disclose-special-funds\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/finmin-gives-15-government-entities-until-end-of-month-to-disclose-special-funds\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FinMin gives 15 government entities until end of month to disclose special funds\",\"datePublished\":\"2019-04-15T03:58:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/finmin-gives-15-government-entities-until-end-of-month-to-disclose-special-funds\/\"},\"wordCount\":159,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Finance Ministry\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/finmin-gives-15-government-entities-until-end-of-month-to-disclose-special-funds\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/finmin-gives-15-government-entities-until-end-of-month-to-disclose-special-funds\/\",\"name\":\"FinMin gives 15 government entities until end of month to disclose special funds - 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