Public Management

Egypt’s government adds 1.8 million people to its food subsidy program

Egypt’s government adds 1.8 million people to its food subsidy program
Wednesday, 02 October 2019 13:24

The Egyptian government announced it has restored food subsidies to 1.8 million people since February this year. The announcement came after President Abdel Fattah al-Sisi tweeted he understood the negative impact of subsidy cuts for some citizens.

I understand the stance of the citizens who have been negatively affected by the filtration of the subsidy cards and being removed from them,” Sisi said.

The government said earlier it wants to tighten conditions to access subsidies, now including the number of children enrolled in foreign schools or the monthly consumption of electricity per capita. But al-Sisi said food subsidy is a “the politically-sensitive matter.

In 2019/2020, the Egyptian government is expecting to allocate EGP89 billion ($5.4 billion) to its food subsidy program. Of this amount, EGP52 billion ($3 billion) will be used to subsidize bread. Other subsidies will be allocated to beef, rice, sugar, poultry, and cooking oil. 

Espoir Olodo

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
New Kinshasa-based court granted exclusive jurisdiction and dedicated prosecutor Tribunal expected to begin operations within three...
The International Finance Corporation is providing a $30 million trade finance guarantee to Banco de Fomento Angola. The facility will support...
IMF approves reviews, unlocking about $91 million for Niger Funds support macroeconomic stability, private-sector growth and climate...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA training and partnerships aim to boost regional business...
Most Read
01

MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...

Satellite direct-to-device telecoms: promise, momentum and hard limits
02

Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...

Togo Passes Law to Criminalize Counterfeiting of West African CFA Franc
03

Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...

Airtel Africa and Deloitte: A Seven-Year Relationship, $37 Million in Fees and a Planned Handover
04

Tilenga oil project required land from 4,954 households in Uganda Over 99% of affected households...

Report details land compensation for nearly 5,000 households in Uganda’s Tilenga oil project
05

World Bank announces $137 million to boost West Africa digital economy Program expands broad...

Benin, Liberia and Sierra Leone Receive $137M to Expand Digital Access for 5.2 Million People
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.