Egypt:Implementing Plan to Pay Social Insurance FundsSource: www.export-egypt.com 7/29/2012, Location: Africa |
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Ministry of Finance issued this month a bill at EGP14 billion with interest rate of 9% for the National Authority for Social Insurance in the first move to settle the file of outstanding debt to the public treasury. The decision comes from the Ministry of Finance as part of the government's plan to solve the problem of indebtedness between social insurance and the general budget. A program will be developed to schedule the debts estimated at EGP145 billion.
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