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Egypt’s parliament approves EGP 80bn additional allocation to 19/20 budget

Egypt’s parliament approves EGP 80bn additional allocation to 19/20 budget
The state budget includes expenditures of EGP 1.7 trillion

Cairo – Mubasher: The Egyptian parliament approved a bill for earmarking an additional allocation of EGP 80 billion to the new budget for fiscal year 2019/2020, the Middle East News Agency (MENA) reported on Sunday.

The final decision on the draft law will be taken in a subsequent session, the parliament's speaker Ali Abdelaal said. 

Earlier, the parament approved the state budget for FY20/21 at a value of EGP 2.2 trillion.

The state budget includes expenditures of EGP 1.7 trillion, up by EGP 138.6 billion from FY19/20.