Finance: An integrated system to deal with the risks that are affected by the global economy

Economy and stock exchange

Mohamed Abdel Fattah, head of the State Budget Sector at the Ministry of Finance, revealed the measures and steps taken by the ministry to reform expenses. He pointed out that the ministry is working to improve the efficiency of public financial management systems.

He also called for the start of implementing a strategy to reduce public debt levels and the Prime Minister's decision to establish a unit to monitor the programs and performance budget of the Ministry of Finance and to prepare an integrated system to deal with the financial risks that are affected by the global economy and the surrounding economies.

Abdel Fattah added that the ministry is working on preparing an integrated system to deal with the financial risks that may face the general budget during implementation, and secure the budget in terms of prices of commodities such as wheat and oil.

He explained that the Ministry of Finance is responsible for the preparation and study of nearly 700 budget for the state bodies and provide funding for all administrative bodies, and provide funding for the administrative bodies, and monitor the implementation of the administrative bodies of the budget.

This came during a meeting of the Committee of the Plan and Budget, held today in the House of Representatives to discuss the budget of the Ministry of Finance and its affiliates for the financial year 2019/2020 and budget programs and performance of the ministry for the same year.

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