Minister of Finance Mohamed Maait issued the executive regulations of the Unified Public Finance Law, which aims to ensure optimal utilization of the state’s resources. The regulations include the procedures and rules for preparing the medium-term budget framework, which was introduced by the unified public finance law. The regulations also set controls for the governance of funds and private accounts after the Unified Public Finance Law came into force. The law and the executive regulations also set controls and conditions for those who work in the budget, financial affairs, and accounts departments. The executive regulations clearly define the responsibilities and competencies of the representatives of the Ministry of Finance in the administrative bodies.

Source: Daily News Egypt February 27, 2024 08:04 UTC