SCA submits budget for inspection

Youm7 (Dina Abd El Aleem)

Egypt’s Supreme Council of Antiquities will submit its budget for inspection. Dr. Mohamed Abdel Maksoud, Secretary General of the SCA, said he will transfer the authority’s financial records in full to regulatory agencies for inspection.

In a statement to Youm7, Maksoud said the file contains details of what was spent by the SCA during the last period, which has led to a deterioration in the budget amounting to about $1 billion EGP (U.S. $170 million) in overdrafts and interest to be paid to banks.

Maksoud said that in light of the current situation, the council will begin reducing costs and only spending where necessary.