President Abdel Fattah al-Sisi issued a decree on the budget of the National Authority for Radio and Television Union Maspero, for the financial year 2015/2016, which was estimated just under LE11.6 billion.
The costs and expenses for the same fiscal year were estimated at LE5.9 billion, including LE2.1 billion in wages.
Revenues were estimated at LE 1.8 billion, bringing the total losses to LE4.1 billion.
Edited translation from Al-Masry Al-Youm
