Egyptian Prime Minister Mostafa Medbouly met with Housing Minister Sherif El-Sherbiny and Mohamed Ragai to discuss the financial status of the New Urban Communities Authority. The meeting emphasized achieving financial balance and effective management of assets, along with reviewing financial performance from July 2024 to February 2025.
On Wednesday evening, Egyptian Prime Minister Mostafa Medbouly convened a meeting with Housing Minister Sherif El-Sherbiny and Mohamed Ragai, Vice President of the New Urban Communities Authority, to evaluate the authority’s financial status. Medbouly highlighted the critical need for maintaining a financial equilibrium between revenues and expenditures, emphasizing effective management and assessment of the New Urban Communities Authority’s assets and associated city administrations.
During the meeting, Cabinet spokesperson Mohamed El-Homsani provided insights regarding the financial position of the New Urban Communities Authority. This included an analysis of the actual revenues and expenditures from July 1, 2024, to February 28, 2025, as well as projections leading to the end of the current fiscal year.
The discussions further explored a comparative analysis of financial performance, contrasting actual revenues and expenditures for the same timeframe with the previous year. Additionally, the meeting addressed an overview of expenses related to ongoing projects nationwide, alongside key anticipated cash flows in the forthcoming period.
In conclusion, the meeting led by Prime Minister Medbouly underscored the essential need for financial stability within Egypt’s New Urban Communities Authority. The discussions were focused on maintaining a balance between revenues and expenditures, effective asset management, and a thorough financial review to ensure the achievement of long-term goals.
Original Source: www.dailynewsegypt.com
