Latest news with #PlanningandBudgetCommittee
Egypt Independent
12-04-2025
- Politics
- Egypt Independent
Egypt bears costs of US$6 billion for hosting Arab refugees: MP
The Head of the Planning and Budget Committee in the House of Representatives, Fakhry al-Fiqi, revealed that the cost of hosting Arab refugees and guests in Egypt during the current fiscal year amounts to approximately six billion US dollars. During an interview with Sada al-Balad channel on Friday, Fiqi emphasized that this figure reflects the heavy burden borne by the Egyptian state in providing humanitarian, health, and educational services without discrimination. He explained: 'We have approximately nine million guests from sisterly Arab countries, constituting eight percent of the total population, and the state's general budget this year amounts to LE 3.9 trillion, meaning that the cost of this eight percent amounts to approximately LE300 billion.' Fiqi added: 'When we convert this figure to dollars, based on an exchange rate of LE 50 to the dollar, we find that the cost amounts to approximately six billion US dollars.' He noted that this figure is expected to increase in the upcoming 2025/2026 budget, reaching approximately seven billion US dollars. Fiqi assured that Egypt seeks to be provide all those who have sought refuge in it with all services as part of its humanitarian and historical responsibility. 'We simply need to know the extent of the burden borne by the state, especially in light of the difficult economic conditions,' he stressed.
Zawya
27-01-2025
- Business
- Zawya
Egypt's Parliament approves amendments to Unified Tax Procedures Law
The Egyptian House of Representatives has greenlit a draft law submitted by the government on amending some provisions of the Unified Tax Procedures Law issued by Law No. 206 of 2020, as per a statement on January 26th. According to a joint committee of the Planning and Budget Committee and the Constitutional and Legislation Affairs Committee, the proposed draft law aims to allow reconciliation in violations not subject to tax dues, including delaying the submission of tax returns beyond the legally prescribed dates. The committee also affirmed that this law draft ensures tax justice without prejudice to the rights of the public treasury while simplifying tax procedures for taxpayers. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
