Egypt Telecommunication Regulation Law – February 2003
Article 8 – Financing of the TRA
The NTRA financial resources shall consist of the following:
1.
Funds assigned for it in the general budget of the State.
2.
Annual fees for licenses and permits granted by the NTRA.
3.
Charges for works, burdens and services rendered by the NTRA in connection
with the licensee or other parties whether locally or internationally.
4.
The percentage allocated by the Cabinet for the NTRA from Concession fees
devolving to the Public Treasury when granting certain types of licenses, and
upon the proposition of the Minister Concerned following consultation with
the Minister of Finance.
5.
The yield of investing the NTRA funds.
6.
Fines and compensations imposed in accordance with the provisions of this
Law.
7.
Loans made in favor of the NTRA.
8.
Grants, donations and subsidies to be accepted by the Board of Directors of
the NTRA in light of its rules and resolutions in this regard and without
prejudice to Article (44).
Article 9 – Financial independence of the TRA
The NTRA shall have an independent budget in accordance with the rules determined by
its internal regulations and in compliance with the rules of the Unified Accounting
System, without limitation to any governmental rules or regulations.
The fiscal year of the NTRA shall start and end at the same dates as for the fiscal year of
the State.
The NTRA shall have a private bank account for the deposit of its resources. The budget
surplus from one year to another shall be transferred to the Universal Service Fund except
what may be allocated by the Cabinet in favor of the State upon proposition of the
Minister Concerned following consultation with the Minister of Finance. Expenditure
from the Universal Service Fund shall be done by a resolution from the Board of
Directors on the following aspects:
1.
Infrastructure projects required for establishing the Universal Service rule.
2.
Reallocation of the Frequency Spectrum.
3.
Projects of the Telecommunication and Information National Plan.
National Telecom. Reg.Authority
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