{"id":627198,"date":"2018-07-25T04:06:55","date_gmt":"2018-07-25T04:06:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/25\/state-coffers-to-claim-as-much-as-25-of-slush-funds\/"},"modified":"2018-07-25T04:06:55","modified_gmt":"2018-07-25T04:06:55","slug":"state-coffers-to-claim-as-much-as-25-of-slush-funds","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/25\/state-coffers-to-claim-as-much-as-25-of-slush-funds\/","title":{"rendered":"State coffers to claim as much as 25% of slush funds"},"content":{"rendered":"

LEGISLATION WATCH- State coffers to claim as much as 25% of slush funds: <\/strong>The House of Representatives\u2019 general assembly granted its preliminary approval yesterday to a draft bill approved by the Madbouly Cabinet last week<\/a> earmarking a portion of ministerial \u201cprivate funds\u201d to support the state budget, Al Masry Al Youm reports<\/a>. The bill was referred to the House Planning and Budgeting Committee for review. The legislation would claim a portion of ministerial funds for state coffers that could be as much as 25%, up from a current 15%, Rep. Medhat El Sherif tells Al Mal<\/a>. The proposed law would also lay claim to 25% of any annual surplus funds generated by government agencies, exempting only agencies that provide \u201ceconomic or national services,\u201d and funds that are education and research-focused, as well as those geared for social insurance, social housing, and university hospitals.<\/p>\n

Background: <\/strong>These so-called \u201cprivate accounts,\u201d which have gained an unsavory reputation as 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, and more recently, House Reps. MPs have been calling for greater oversight<\/a> since it was revealed that a private fund belonging to the Cairo Governorate recorded a surplus of EGP 140 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- State coffers to claim as much as 25% of slush funds: The House of Representatives\u2019 general assembly granted its preliminary approval yesterday to a draft bill approved by the Madbouly Cabinet last week earmarking a portion of ministerial \u201cprivate funds\u201d to support the state budget, Al Masry Al Youm reports. The bill was […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-627198","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ff7e7465-7604-450e-81bc-2bffdf7916b6","order":"0","is_powered_by":true,"section_story_id":"c3593bc1-dac9-4c92-b9dd-0fe795bbd7d2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[627183],"teaser":"","voice_url":""},"yoast_head":"\nState coffers to claim as much as 25% of slush 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\/2018\/07\/25\/state-coffers-to-claim-as-much-as-25-of-slush-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State coffers to claim as much as 25% of slush funds\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- State coffers to claim as much as 25% of slush funds: The House of Representatives\u2019 general assembly granted its preliminary approval yesterday to a draft bill approved by the Madbouly Cabinet last week earmarking a portion of ministerial \u201cprivate funds\u201d to support the state budget, Al Masry Al Youm reports. The bill was […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/25\/state-coffers-to-claim-as-much-as-25-of-slush-funds\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-25T04:06:55+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\/2018\/07\/25\/state-coffers-to-claim-as-much-as-25-of-slush-funds\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/25\/state-coffers-to-claim-as-much-as-25-of-slush-funds\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"State coffers to claim as much as 25% of slush funds\",\"datePublished\":\"2018-07-25T04:06:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/25\/state-coffers-to-claim-as-much-as-25-of-slush-funds\/\"},\"wordCount\":218,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/25\/state-coffers-to-claim-as-much-as-25-of-slush-funds\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/25\/state-coffers-to-claim-as-much-as-25-of-slush-funds\/\",\"name\":\"State coffers to claim as much as 25% of slush funds - 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