The House of Representatives finally approves the state’s general budget for the year 2021/2022

Cairo, June 14 / A.M. / The House of Representatives, headed by Counselor Dr. Hanafi Gabali, approved draft laws on the state’s general budget for the fiscal year 2021/2022.
The House of Representatives, during the plenary session, today, Monday, finally approved a draft plan for the fourth year (2021 / 2022) of the medium-term sustainable development plan (2018 – 2019 / 2021 – 2022), the draft state budget, and the budgets of public economic bodies. And the National Authority for Military Production for the fiscal year 2021/2022.
The Parliament’s Plan and Budget Committee had recommended about 8 recommendations to increase the revenues of the general budget, including taking the necessary measures to collect the revenues approved by the Parliament in the budget linking law, taking into account that these revenues should be the minimum amount that must be collected within the framework of laws and regulations and organized decisions.
As well as taking more effective measures to collect government dues towards some bodies, banks, companies and other entities and individuals that are not obligated to pay the public treasury rights.
The recommendations also included imposing more control over funds, special accounts, and units of a special nature in order to commit to supplying all amounts deducted from their total monthly revenues set at 15%, unless their approved regulations stipulate a higher percentage to the public treasury on the scheduled dates, and this is related to an extension Such control is to verify the use of the funds of those funds, accounts, and units in achieving the goals and purposes for which they were established, as well as collecting their revenues accurately, which will be reflected in the increase in the proceeds of the aforementioned prescribed percentage.
As well as taking the necessary measures towards collecting the dues of public business sector companies from a third party, which leads to an increase in their revenues compared to their expenses, which is reflected in an increase in their net profits and thus an increase in the value of the public treasury’s share of these profits. This reduces its dependence on the public treasury to cover its expenses, which is also reflected in the reduction of spending from budget expenditures.
The recommendations also drew attention to the search for other sources of self-financing other than what was decided by the draft budget of appropriations from those sources to cover the expenditures of the general budget, provided that these new sources do not conflict with the regulating legislation and that citizens do not carry any new burdens.
The recommendations noted the development of methods for investing natural resources and tourism potentials in Egypt, and related to this activating the current role of the Egyptian General Authority for Exhibitions and Conferences in the field of advertising and promotion of tourist destinations in Egypt and activating conference tourism, and encouraging its organization in Egypt.
As well as coordinating and exchanging information with civil society organizations and local or international business establishments working in the field of foreign trade, especially those related to international markets in order to familiarize the world with Egyptian products and introduce Egyptian producers to global products not manufactured in Egypt, as well as assisting exporters to increase their export capabilities by providing Technical support and advice and familiarize them with the demands of foreign markets for goods.
The recommendations also stressed the establishment of effective systems to evaluate the performance of those in charge of inventory and revenue collection processes, in addition to their career behavior to prevent collusion and bribery operations that have been increasingly discovered in recent years by regulatory agencies, taking into account the merits of judgments issued in favor of taxpayers based on lack of The accuracy of tax estimates or the improperness of tax assessment and collection procedures.
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