News

Dr.. Maait.. In implementation of presidential mandates: a new start to strengthen the governance of the financial system.. and collect state dues

Minister of Finance
Fathy Al-Sayeh

We aim to maximize efforts to integrate the informal economy and to take advantage of the rights of the state’s public treasury

Mechanized systems have made us more able to achieve tax justice and stimulate investment

Prohibition of contracting with administrative authorities with those who are not registered in the “electronic invoice” from the first of next December



Minister of Finance, Dr. Mohamed Maait, affirmed that we are continuing to implement the presidential mandates, to strengthen the governance of the state’s financial system, collect public treasury dues, and simplify procedures through the expansion of technological solutions. In line with international best practices, and consistent with the transition to “Digital Egypt” and achieving financial inclusion, and Contributes to the development of government work patterns; In order to consolidate the principle of governance and to consolidate transparency in order to achieve comprehensive quality, and to achieve economic objectives, in an effort to meet the development needs among citizens, and to ensure equal opportunities among them in obtaining public services, he explained that the “electronic billing governance” platform was launched by the administrative authorities “SPGS”, to link it with the invoice system. Electronic tax “E-INVOICE”, in cooperation with the company “E-Finance”; In a manner that contributes to facilitating the state’s administrative authorities in the field of concluding contracts and meeting their needs for purchases, services and contracting work, with the availability of tax registration requirements, and preserving the tax rights of those dealing with the state’s administrative apparatus.
The Minister said that linking the “electronic payment and collection” and “electronic tax invoices” systems, through this new digital platform, to the authorities. Administrative, which helps in strengthening governance, optimal utilization of state resources, raising the efficiency of government spending, achieving financial inclusion, maximizing efforts to integrate the informal economy, and claiming the rights of the public treasury. Next, he pointed out that the mechanized systems made us more able to achieve tax justice and stimulate investment; In a way that contributes to strengthening efforts to achieve comprehensive and sustainable development, and to facilitate the business community.

Tariq Bassiouni, Head of the Accounts and Financial Directorates Sector, confirmed that an action plan had been prepared to implement the assignments of the digital platform for billing governance in the administrative authorities, and to integrate with the electronic invoice system.
Amal Ibrahim Mustafa, Head of the Central Administration of Government Accounts, indicated that a number of workshops were organized in the administrative authorities to get acquainted with the new electronic platform. In the presence of the financial observers and representatives of the Ministry of Finance, members of the Contracting Department and a representative of the electronic payment and collection system, a group of trainers in the accounts sector and financial directorates conducted the training, according to a specific time plan, and the rest of the human cadres were trained in the administrative authorities, in a way that contributes to maximizing the efforts of “protectors of public money.” “, tightening control over exchange, and usurping the right of the public treasury.