CAIRO: The Solidarity Ministry has allocated 106 million EGP ($11.9 million) from its budget to be used as compensation when calamites occur, according to a Monday statement by the ministry.
Out of the total amount, 15 million EGP accounts for delayed payments from the previous financial year of 2014/2015.
In the statement, Minister Ghada Waly said that a total of 46.5 million EGP was paid between July 1, 2015 and May 11, 2016 in local relief spending.
Waly added that the ministry provides relief assistance for harmed individuals and families in cases of catastrophes that result in deaths, financial losses or damages to properties without insurance, in accordance with the Social Solidarity law.
In cases of compensation over damaged properties, the to-be-paid amount of money is determined as 50 percent of the value of the losses, with a maximum of 5,000 EGP.