Egypt's PM Announces Transfer of USD 6.14 Billion from Special Funds to State Budget

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Egyptian Prime Minister Kamal al-Ganzouri said that the government transferred USD 6.14 billion from special funds of former regime offices to the state budget, in a press conference at the headquarters of the General Authority for Investment in Cairo, Thursday, April 19. Ex-regime offices once kept public monies in special private funds that were not incorporated into the state budget, and as such were not subject to oversight by any budget committee.

SOUNDBITE 1 (Arabic) - Prime Minister Kamal al-Ganzouri:
"The issue of special funds has been going on for more than twenty years. Former regime government offices established these special funds from the public money resource to use for employment, salaries, rewards, etc. We traced these funds strictly, and like I said all these funds are now present at the Central Bank in the General Budget Account."

Al-Ganzouri stated that the government's costs have been gradually reduced saving USD 4.14 billion. He also shed light on the efforts done to relief Egypt's foreign debt.

SOUNDBITE 2 (Arabic) - Egypt's Prime Minister Kamal al-Ganzouri:
"We have been keen on minimizing the foreign debts. They were USD 5.83 billion, seven months ago. In March 2012, they were reduced to USD 5.54 billion."

The Egyptian Prime Minister told reporters that even though the country's revenues declined to USD 12.8 billion over the past few months, the government successfully achieved relative and notable economic stability.

Local News Agency: Middle East Bureau / VCS
Shooting Dateline: April 19, 2012
Shooting Location: Cairo, Egypt
Publishing Time: April 19, 2012
Length: 0:02:08
Video Size: 106 MB
Language: Arabic
Column:
Organized by:
Correspondent:
Camera: VCS
SHOTLIST:
1- External shot of the headquarters of Egypt’s General Authority for Investment in Cairo
2- Pan left shot, Egypt's Prime Minister Kamal al-Ganzouri heading to the press conference at the headquarters of Egypt’s General Authority for Investment in Cairo
3- Various shots of the press conference
4- SOUNDBITE 1 (Arabic) - Egypt's Prime Minister Kamal al-Ganzouri:
"The issue of special funds has been going on for more than twenty years. Former regime government offices established these special funds from the public money resource to use for employment, salaries, rewards, etc. We traced these funds strictly, and like I said all these funds are now present at the Central Bank in the General Budget Account." 5- Various shots of the press conference
6- Long shot of a reporter asking Ganzouri
7- Various shots of Al-Ganzouri speaking during the press conference
8- SOUNDBITE 2 (Arabic) - Egypt's Prime Minister Kamal al-Ganzouri:
"We have been keen on minimizing the foreign debts. They were USD 5.83 billion seven months ago. In March 2012, they have been reduced to USD 5.54 billion." 9- Various shots of the press conference
10- Various shots of Egypt’s PM Al-Ganzouri concluding the press conference and leaving

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