Egypt has a rich experience in governance, the automation of government financial payments, combating corruption, increasing the transparency of the public finance system and improving the performance of the interests, Finance Minister Mohamed Maeit said in a joint session on Monday for finance ministers and bank governors of member countries of the Arab Monetary Fund (AMF) and the International Monetary Fund (IMF) in Dubai, UAE. Egypt is exerting great efforts to enhance transparency and financial disclosure and involve citizens in the formulation of fiscal policy priorities, he added. A special unit for transparency has been established under the administrative structure of the Ministry of Finance. In addition, seven detailed financial reports throughout the budget preparation stages have been published to the public, Maeit said. Under the first dimension, the Finance Ministry plans to continue publishing reports relating to the general budget preparation, he said.
Source: Egypt Independent February 11, 2019 16:07 UTC