{"id":647331,"date":"2017-05-08T03:41:45","date_gmt":"2017-05-08T03:41:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/house-economics-committee-discusses-proposal-to-allocate-10-of-private-funds-income-to-subsidy-card-system\/"},"modified":"2017-05-08T03:41:45","modified_gmt":"2017-05-08T03:41:45","slug":"house-economics-committee-discusses-proposal-to-allocate-10-of-private-funds-income-to-subsidy-card-system","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/house-economics-committee-discusses-proposal-to-allocate-10-of-private-funds-income-to-subsidy-card-system\/","title":{"rendered":"House Economics Committee discusses proposal to allocate 10% of private funds\u2019 income to subsidy card system"},"content":{"rendered":"

The House Economics Committee is discussing a proposal to allocate up to 10% of the state-controlled \u201cprivate funds\u201d (the government\u2019s semi-official slush fund) towards the country\u2019s subsidy card system, Al Shorouk reports<\/a>. The proposal, put forth by MP Mohamed Elsewedy, would also see 15% of these funds\u2019 surplus revenues directed towards closing the state\u2019s budget deficit. Private funds were initially formed to wean some government bodies off the Finance Ministry, but are criticized by some as being magnets for graft.<\/p>\n","protected":false},"excerpt":{"rendered":"

The House Economics Committee is discussing a proposal to allocate up to 10% of the state-controlled \u201cprivate funds\u201d (the government\u2019s semi-official slush fund) towards the country\u2019s subsidy card system, Al Shorouk reports. The proposal, put forth by MP Mohamed Elsewedy, would also see 15% of these funds\u2019 surplus revenues directed towards closing the state\u2019s budget […]<\/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":[9344],"tags":[72,2375],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-647331","post","type-post","status-publish","format-standard","hentry","category-legislation-policy","tag-enterpriseam","tag-legislation-policy","wpautop","entry"],"acf":{"mongo_id":"cbf00f02-2f6f-4f8f-a626-9e644651cf95","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[647297],"teaser":"","voice_url":""},"yoast_head":"\nHouse Economics Committee discusses proposal to allocate 10% of private funds\u2019 income to subsidy card system - 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\/2017\/05\/08\/house-economics-committee-discusses-proposal-to-allocate-10-of-private-funds-income-to-subsidy-card-system\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House Economics Committee discusses proposal to allocate 10% of private funds\u2019 income to subsidy card system\" \/>\n<meta property=\"og:description\" content=\"The House Economics Committee is discussing a proposal to allocate up to 10% of the state-controlled \u201cprivate funds\u201d (the government\u2019s semi-official slush fund) towards the country\u2019s subsidy card system, Al Shorouk reports. The proposal, put forth by MP Mohamed Elsewedy, would also see 15% of these funds\u2019 surplus revenues directed towards closing the state\u2019s budget […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/house-economics-committee-discusses-proposal-to-allocate-10-of-private-funds-income-to-subsidy-card-system\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-08T03:41:45+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/house-economics-committee-discusses-proposal-to-allocate-10-of-private-funds-income-to-subsidy-card-system\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/house-economics-committee-discusses-proposal-to-allocate-10-of-private-funds-income-to-subsidy-card-system\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"House Economics Committee discusses proposal to allocate 10% of private funds\u2019 income to subsidy card system\",\"datePublished\":\"2017-05-08T03:41:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/house-economics-committee-discusses-proposal-to-allocate-10-of-private-funds-income-to-subsidy-card-system\/\"},\"wordCount\":96,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Legislation + Policy\"],\"articleSection\":[\"Legislation + Policy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/house-economics-committee-discusses-proposal-to-allocate-10-of-private-funds-income-to-subsidy-card-system\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/house-economics-committee-discusses-proposal-to-allocate-10-of-private-funds-income-to-subsidy-card-system\/\",\"name\":\"House Economics Committee discusses proposal to allocate 10% of private funds\u2019 income to subsidy card system - 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