Tuesday , 7 February 2023

Blog Archives

Parliament reviewing proposal to create new body to manage billions in seized funds, assets

Under a bill put together by the Cabinet and currently under review in the House of Representatives, billions of pounds worth of money and assets confiscated by the state could soon be transferred to a new entity that judicial sources and lawmakers told Mada Masr would distance the funds from …

House passes 2022/23 state budget amid critique of earmarks for debt servicing, lavish allowances, megaprojects

After weeks of tense debates, the pro-state parliamentary majority headed by the Nation’s Future Party led the final approval of the general budget for Fiscal Year 2022/23 in the House on Tuesday, despite significant criticism for its steep earmarks for debt servicing, megaprojects and judicial bodies.