Friday, December 16, 2011

EgyptAir owes Petroleum Ministry LE1 billion, says minister

Is Mr. Massoud confused between his old position in EgyptAir and his new one in the Ministry of Civil Aviation? Why is he talking on behalf of the new EgyptAir chief?
If the dues have been paid regularly since July, what would be the reason behind accumulating one billion pounds?
Having an initiative of applying some austerity measures is definitely a good idea. However, the transparency about the initiative and the ministry’s current losses is more important than the initiative itself.
Unfortunately, the minister incorrectly linked the capability of eliminating the deficit with the level of security and stability. Is he trying to tell us indirectly that the ministry’s share form the Egyptian budget has been decreased? If that would be the case, does he really plan for an austerity program or is he just trying to cope with budget cut?

Date: 15 December 2011 commenting on http://www.almasryalyoum.com/

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