Sources of financing the «Family Support Fund» .. How much will you pay?

The Family Support Fund raised a state of controversy during the past days, as some speculated that the citizen should put a lot of money in it, but the government clarified the specific amount that will be put in the fund, as well as the sources of support for the fund.

Representative Ahmed Mehani, a member of the House of Representatives and Vice President of the Freedom Party, announced that he had submitted the first draft law regarding the Egyptian Family Support and Welfare Fund.

Family Support and Care Fund

The draft law provides for the establishment of a fund called the “Egyptian Family Support and Welfare Fund,” which is independent and subordinate to the President of the Republic, and its headquarters will be in the Cairo governorate.

The Fund may establish branches, offices or specific centers to achieve its objectives throughout the Republic. The Fund shall enjoy legal personality and technical, financial and administrative independence in the exercise of its functions, activities and specializations.

The draft law stipulates a set of penalties, as it is punishable by imprisonment or a fine of not less than 20,000 pounds and not more than 50,000 pounds for anyone who violates the provisions of this law, including the spouse, authorized person, documenter, custodian, beneficiary of custody, or one of the addressees of the provisions of this law.

Family Support Fund financing fees:

1) 100 pounds for each marriage paid by the husband.

2) 100 pounds for each divorce, to be paid by the divorced.

3) 50 pounds for each birth registration of a child, to be paid once upon obtaining a birth certificate.

4) 1% of the delayed dowry stipulated in the marriage contract, with a minimum of 100 pounds.

5) 50 pounds when issuing a family registration document.

6) 50 pounds when issuing a national number card.

Fund resources:

1. The proceeds of contributions to the family insurance system

2. Amounts transferred to the Fund.

3. Gifts, bequests and donations accepted by the Fund's Board of Directors.

4. What is allocated in the state's general budget to support the fund.

5. Return on investment of the fund's money.

A decree shall be issued by the President of the Republic regarding the rules and procedures for collecting these amounts and transferring them to the Fund.