Politics
Egyptian Parliament Committee Revises Law to Reorganize Future of Egypt Authority
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Egyptian Parliament Committee Revises Law to Reorganize Future of Egypt Authority
The Planning and Budget Committee has discussed a government bill to reorganize the Future of Egypt for Sustainable Development Authority, introducing 30 amendments.
- The committee discussed the bill for 14 hours with the government, introducing 30 amendments to the proposed text.
- Committee head Mohamed Suleiman said the law subjects the authority to parliamentary and Central Auditing Organization oversight.
- Suleiman stated the authority will pay taxes and social insurance, with its operating surpluses going to the state treasury.
- Suleiman said the authority will not hold a monopoly and aims to encourage private sector investment.
TopicsSustainable DevelopmentEgyptian ParliamentLaw AmendmentFuture of Egypt AuthorityParliamentary OversightAuditing
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