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English news

06-Nov-2016

Government to increase food subsidies by 13.6% to EGP50bn starting December

Supply Minister Mohamed Ali El-Sheikh said at a Friday press conference that the government would increase the amount allocated to individuals holding food subsidy cards from EGP18 to EGP21 starting next month. The increase of the individual's share in the smart-card system for buying subsidised food will increase the state budget in this category from EGP44bn to EGP50bn, the Minister of Finance Amr El-Garhy said. "There is a need to revise those who have access to subsidised products to ensure that subsidised food reaches those who deserve it," Prime Minister Sherif Ismail said. (Ahram Online)

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