From The Blog
20 July 2015
The masters of Egypt’s arcane bureaucracy are still using ‘special funds’, or extra-budgetary slush-fund accounts, to siphon off state revenues for private gain and dispersal to patronage networks. Before he was deposed and locked up, Mohamed Morsi made a few half-hearted attempts to reform the special funds system and repatriate money to the treasury. But Abdel Fattah el-Sisi, who recently announced a ‘national anti-corruption strategy’, has made no serious move against this idiosyncratic levy, which flourished under Sadat in the 1970s and increased dramatically under Mubarak in the 1980s. The secret gardens of Egypt’s bureaucracy and deep state may be harder to intrude on than Sisi claims to believe.
