Minister of Finance Mohamed Maait has said his ministry is pressing ahead with promoting financial governance of bodies regulating the State’s expenses and revenues, in a way that would guarantee optimum utilization of all public resources.

In a statement published by the Ministry of Finance Wednesday the minister highlighted his ministry’s adopted drives to promote its administrative staffers’ efforts, as part of the State’s plan to address the untoward impact of the coronavirus pandemic that took its toll on world economies.

The minister highlighted a scheme on rearranging public expenditures’ priorities, resolving financial entanglements among affiliated administrative entities, collecting financial arrears, settling government debts and liabilities, as well as laying down a new mechanism classifying all State Budget’s revenues.

He noted that efforts are underway to upgrade work efficiency at all the ministry’s financial directorates.

Source: State Information Service Egypt