{"id":647802,"date":"2017-05-21T04:04:57","date_gmt":"2017-05-21T04:04:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/house-economics-committee-and-finance-ministry-form-joint-slush-fund-to-review-state-slush-funds\/"},"modified":"2017-05-21T04:04:57","modified_gmt":"2017-05-21T04:04:57","slug":"house-economics-committee-and-finance-ministry-form-joint-slush-fund-to-review-state-slush-funds","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/house-economics-committee-and-finance-ministry-form-joint-slush-fund-to-review-state-slush-funds\/","title":{"rendered":"House Economics Committee and Finance Ministry form joint slush fund to review state slush funds"},"content":{"rendered":"

Task force to look into slush funds: <\/strong>The House of Representatives\u2019 Economics Committee formed a joint task force with the Finance Ministry that will begin looking into the special revenue funds, Al Mal said on Saturday<\/a>. MPs are hoping to allocate 80% of the funds\u2019 total assets \u2014 around EGP 30 bn, Finance Minister Amr El Garhy previously said \u2014 towards narrowing the budget deficit, Rep. Ahmed Farghal told the newspaper. The Finance Ministry had said last week<\/a> that it would be working with Prime Minister Sherif Ismail to compel all ministries and government agencies to compile reports on special funds under their control to present to the House for review. House representatives have been pushing for legislation<\/a> to better monitor slush funds and connect them to state coffers.<\/p>\n","protected":false},"excerpt":{"rendered":"

Task force to look into slush funds: The House of Representatives\u2019 Economics Committee formed a joint task force with the Finance Ministry that will begin looking into the special revenue funds, Al Mal said on Saturday. MPs are hoping to allocate 80% of the funds\u2019 total assets \u2014 around EGP 30 bn, Finance Minister Amr […]<\/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-647802","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"4e4e21d3-33f1-411a-acc7-82e6b15e57f1","order":"0","is_powered_by":true,"section_story_id":"ccc3705a-82e8-447b-b7cc-1234376e042f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[647785],"teaser":"","voice_url":""},"yoast_head":"\nHouse Economics Committee and Finance Ministry form joint slush fund to review state 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\/2017\/05\/21\/house-economics-committee-and-finance-ministry-form-joint-slush-fund-to-review-state-slush-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House Economics Committee and Finance Ministry form joint slush fund to review state slush funds\" \/>\n<meta property=\"og:description\" content=\"Task force to look into slush funds: The House of Representatives\u2019 Economics Committee formed a joint task force with the Finance Ministry that will begin looking into the special revenue funds, Al Mal said on Saturday. MPs are hoping to allocate 80% of the funds\u2019 total assets \u2014 around EGP 30 bn, Finance Minister Amr […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/house-economics-committee-and-finance-ministry-form-joint-slush-fund-to-review-state-slush-funds\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-21T04:04:57+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\/2017\/05\/21\/house-economics-committee-and-finance-ministry-form-joint-slush-fund-to-review-state-slush-funds\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/house-economics-committee-and-finance-ministry-form-joint-slush-fund-to-review-state-slush-funds\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"House Economics Committee and Finance Ministry form joint slush fund to review state slush funds\",\"datePublished\":\"2017-05-21T04:04:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/house-economics-committee-and-finance-ministry-form-joint-slush-fund-to-review-state-slush-funds\/\"},\"wordCount\":140,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/house-economics-committee-and-finance-ministry-form-joint-slush-fund-to-review-state-slush-funds\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/house-economics-committee-and-finance-ministry-form-joint-slush-fund-to-review-state-slush-funds\/\",\"name\":\"House Economics Committee and Finance Ministry form joint slush fund to review state slush funds - 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Medhat El Sherif said yesterday, according to local media\u2026","rel":"","context":"In "Speed Round"","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":648171,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/30\/government-to-draft-legislation-to-govern-slush-funds-and-connect-them-to-state-coffers\/","url_meta":{"origin":647802,"position":1},"title":"Government to draft legislation to govern slush funds and connect them to state coffers","author":"enterpriseam admin","date":"30 May 2017","format":false,"excerpt":"State coffers to get a slice of slush funds: The Ismail cabinet signed off on a new law proposal on Monday that would see the government earmark a percentage of what are known as \u201cspecial revenue funds\u201d or \u201cspecial accounts\u201d for state coffers to help narrow the budget deficit, Al\u2026","rel":"","context":"In "Speed Round"","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":652317,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/house-economic-committee-sets-up-sub-committees-to-monitor-state-slush-funds\/","url_meta":{"origin":647802,"position":2},"title":"House Economic Committee sets up sub-committees to monitor state slush funds","author":"enterpriseam admin","date":"5 January 2017","format":false,"excerpt":"The House Economic Committee has established four sub-committees mandated with monitoring and auditing state-controlled \u201cprivate funds,\u201d which have a total of EGP 52.7 bn in their coffers, Al Borsa reports. An unnamed source from the committee said the move aims to minimize the opportunities for corruption in the private funds,\u2026","rel":"","context":"In "Legislation + Policy"","block_context":{"text":"Legislation + Policy","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-policy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651347,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/09\/parliament-complaints-of-lack-of-cooperation-from-government-agencies-over-private-funds\/","url_meta":{"origin":647802,"position":3},"title":"Parliament complaints of lack of cooperation from government agencies over private funds","author":"enterpriseam admin","date":"9 February 2017","format":false,"excerpt":"Some government bodies have apparently been refusing to disclose the accounts on their private funds \u2014 which are not part of the budget and have gained the reputation for being slush funds \u2014 to the House of Representatives, parliamentary sources tell Al Borsa. The Finance Ministry was supposed to send\u2026","rel":"","context":"In "Egypt Politics + Economics"","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":603091,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/15\/finmin-gives-15-government-entities-until-end-of-month-to-disclose-special-funds\/","url_meta":{"origin":647802,"position":4},"title":"FinMin gives 15 government entities until end of month to disclose special funds","author":"enterpriseam admin","date":"15 April 2019","format":false,"excerpt":"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\u2026","rel":"","context":"In "Speed Round"","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":627248,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/26\/house-approves-legislation-to-channel-5-15-of-slush-funds-to-state-coffers\/","url_meta":{"origin":647802,"position":5},"title":"House approves legislation to channel 5-15% of slush funds to state coffers","author":"enterpriseam admin","date":"26 July 2018","format":false,"excerpt":"The Madbouly Cabinet received the House of Representatives\u2019 official vote of confidence yesterday, Al Mal reports.The majority of reps. had signaled their approval of the cabinet\u2019s policy program, which Prime Minister Mostafa Madbouly had unveiled early in July. 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