Prime Minister Mostafa Medbouly reviewed the financial status of Egypt’s New Urban Communities Authority with key officials. The meeting emphasized the need for financial balance, effective asset management, and strategic planning. An analysis of revenues and expenditures as well as project funding formed the basis of the discussion.
On Wednesday evening, Egyptian Prime Minister Mostafa Medbouly convened with Housing Minister Sherif El-Sherbiny and Mohamed Ragai, Vice President of the New Urban Communities Authority, to assess the financial condition of the New Urban Communities Authority.
During the meeting, Prime Minister Medbouly highlighted the necessity of achieving financial equilibrium between revenues and expenditures. He called for effective asset management and evaluation within the New Urban Communities Authority and its associated city administrations. Medbouly stressed the importance of a comprehensive vision to optimize the benefits from these assets.
According to cabinet spokesperson Mohamed El-Homsani, the meeting assessed the Authority’s financial status, focusing on actual revenues and expenditures from July 1, 2024, to February 28, 2025, alongside projected financial outcomes for the remainder of the fiscal year.
A comparison was also made between actual revenues and expenditures of the current period versus the previous year, which facilitated discussions on ongoing projects nationwide and anticipated cash flows in the near term.
In conclusion, Prime Minister Medbouly’s meeting with key officials from the New Urban Communities Authority was centered on evaluating the financial standing of the organization. Emphasizing financial balance, effective asset management, and strategic planning are critical as Egypt continues its development initiatives. The discussions about revenue comparisons and project spending will support informed decision-making for the future.
Original Source: www.dailynewsegypt.com
