29 November 2020 08:58 PM

Finance minister directs officials to strengthen public revenue and expenditure management

Friday، 30 October 2020 - 02:54 PM

Minister of Finance Mohamed Maait called for maximizing efforts exerted to strengthen public revenue and expenditure management and maintain a correct interpretation of relevant law provisions; with a view to increasing the efficiency of the administrative and governmental bodies’ financial performance.

This will ensure that the State would take its rights, make the optimal use of its resources, rationalize public spending, and manage the financial allocations in a way that helps lay the foundations for comprehensive and sustainable development, in accordance with Egypt Vision 2030, Maait said.

The minister’s remarks came as part of his message to heads of the financial directorates in governorates, the Ministry of Finance said in a statement Friday.

Head of the Accounts and Financial Directorates Sector at the Finance Ministry Emad Awwad delivered the speech on behalf of Maait during his meeting with the officials in Port Said.

The minister emphasized his keenness to improve the work environment at financial directorates, lay the foundations for digital transformation, and develop human capabilities.

The current stage, amid the coronavirus crisis, requires concerted efforts to achieve the country's economic objectives, especially as regards reducing the state budget deficit, slashing the ratio of public debt to the gross domestic product, and sustaining the improvement of the rate of growth.

MENA

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