{"id":652317,"date":"2017-01-05T04:10:11","date_gmt":"2017-01-05T04:10:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/house-economic-committee-sets-up-sub-committees-to-monitor-state-slush-funds\/"},"modified":"2017-01-05T04:10:11","modified_gmt":"2017-01-05T04:10:11","slug":"house-economic-committee-sets-up-sub-committees-to-monitor-state-slush-funds","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/house-economic-committee-sets-up-sub-committees-to-monitor-state-slush-funds\/","title":{"rendered":"House Economic Committee sets up sub-committees to monitor state slush funds"},"content":{"rendered":"

<\/a> 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<\/a> reports. An unnamed source from the committee said the move aims to minimize the opportunities for corruption in the private funds, which have gained a less-than-stellar reputation of being a haven for graft. The establishment of the sub-committees comes after the Finance Ministry published a report on the funds, which found significant disparity between the salaries given to the funds\u2019 employees and their counterparts in administrative bodies, according to El Watan<\/a>. VetoGate<\/a> also carried the ministry\u2019s report in full.<\/p>\n

Private funds \u2014 which are not part of the budget and which were formed with the intention of weaning some government bodies off the Finance Ministry \u2014 have gained the reputation for being slush funds and havens for corruption. The House Budget Committee said this fall<\/a> that it would introduce legislation to place 25% of the present-day value of the private funds under the control of the Finance Ministry.<\/p>\n","protected":false},"excerpt":{"rendered":"

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, which have gained a less-than-stellar […]<\/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-652317","post","type-post","status-publish","format-standard","hentry","category-legislation-policy","tag-enterpriseam","tag-legislation-policy","wpautop","entry"],"acf":{"mongo_id":"7a20c128-d405-4618-b4fe-17b26e43d36e","order":"0","is_powered_by":true,"section_story_id":"94732f06-8c5d-4522-b9f1-9157c2ebb18f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[652283],"teaser":"","voice_url":""},"yoast_head":"\nHouse Economic Committee sets up sub-committees to monitor 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\/01\/05\/house-economic-committee-sets-up-sub-committees-to-monitor-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 Economic Committee sets up sub-committees to monitor state slush funds\" \/>\n<meta property=\"og:description\" content=\"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, which have gained a less-than-stellar […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/house-economic-committee-sets-up-sub-committees-to-monitor-state-slush-funds\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-05T04:10:11+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\/01\/05\/house-economic-committee-sets-up-sub-committees-to-monitor-state-slush-funds\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/house-economic-committee-sets-up-sub-committees-to-monitor-state-slush-funds\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"House Economic Committee sets up sub-committees to monitor state slush funds\",\"datePublished\":\"2017-01-05T04:10:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/house-economic-committee-sets-up-sub-committees-to-monitor-state-slush-funds\/\"},\"wordCount\":185,\"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\/01\/05\/house-economic-committee-sets-up-sub-committees-to-monitor-state-slush-funds\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/05\/house-economic-committee-sets-up-sub-committees-to-monitor-state-slush-funds\/\",\"name\":\"House Economic Committee sets up sub-committees to monitor state slush funds - 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