Presidential Decree No. 246 of 2006

The President of the Republic,

After reviewing the Constitution, And Law No. 53 of 1973 concerning the Ministry of Finance, And Law No. 10 of 1981 concerning the Central Bank of Egypt, And Law No. 159 of 1981 concerning the National Bank of Egypt, Commercial International Bank, Alexandria Bank, Cairo Bank, and Bank of Egypt, And Law No. 203 of 1991 concerning the Egyptian Company for Printing, Publishing and Packaging, And Presidential Decree No. 231 of 2004 concerning the formation of the Ministry, and upon the recommendation of the Minister of Finance,

Decrees:

(Article 1) Establish the Finance Department at the Ministry of Finance. The Finance Department at the Ministry of Finance shall be an administrative unit under the Minister of Finance. Its Director shall hold the rank of Undersecretary. The Finance Department at the Ministry of Finance shall be responsible for the following:

• Preparing budgets, financial statements, and financial reports for the Ministry and its affiliated entities.
• Supervising the financial affairs of ministries and governorates.
• Maintaining and managing financial records, archives, tools, and equipment.
• Coordinating with the General Organization for Government Accounting.
• Establishing a financial control system for ministries and governorates.

(Article 2) Establish the Finance Department at the Ministry of Finance. The Finance Department at the Ministry of Finance shall be responsible for the following:

• Financial accounting.
• Financial auditing.
• Financial analysis and reporting.
• Financial planning and budgeting.

(Article 3) The Minister of Finance shall appoint the Director of the Finance Department and other staff as per the approved organizational structure.

(Article 4) The Finance Department shall be managed by a Director General, assisted by Deputy Directors and department heads.

(Article 5) The Chairman of the Board of Directors of the Company shall appoint the Finance Department Director at the Company level.

(Article 6) The Board of Directors of the Company shall appoint the Deputy Directors of the Finance Department.

(Article 7) The Board of Directors of the Company shall appoint the heads of the finance sections.

(Article 8) The Board of Directors of the Company shall appoint the financial controllers.

(Article 9) The Board of Directors of the Company shall appoint the financial analysts.

(Article 10) The Board of Directors of the Company shall appoint the accounting supervisors.

(Article 11) The Board of Directors of the Company shall appoint the financial auditors.

(Article 12) The Board of Directors of the Company shall appoint the budget officers.

(Article 13) The Board of Directors of the Company shall appoint the financial reporting clerks.

(Article 14) The Board of Directors of the Company shall appoint the financial data analysts.

(Article 15) The Board of Directors of the Company shall appoint the financial compliance officers.

(Article 16) The Board of Directors of the Company shall appoint the financial system administrators.

(Article 17) The Board of Directors of the Company shall appoint the financial training coordinators.

(Article 18) The Board of Directors of the Company shall appoint the financial procurement specialists.

(Article 19) The Board of Directors of the Company shall appoint the financial liaison officers.

(Article 20) The Board of Directors of the Company shall appoint the financial support staff.

Issued in Cairo on 20 Jumada al-Awwal 1427 AH Corresponding to 15 January 2006 AD The President