A woman carries bread after purchasing it at a bakery in Cairo, Egypt March 9, 2017 - Reuters/Mohamed Abd El Ghany/File Photo
CAIRO – 14 June 2026: Egyptian Prime Minister Mostafa Madbouly stated that bread subsidies cost the state LE 140 billion, and that LE 35 billions of this allocation (25% percent) does not go to those who deserve it.
Speaking in a press conference during an inspection tour of the development projects in Beheira governorate (Egypt’s Delta) on Saturday, Madbouly added that certain Egyptian segments receive the subsidized bread although they are not in financial need of it.
The Prime Minister revealed that the state will make some changes in the subsidy system to ensure that the subsidies go to the deserving beneficiaries. He added that the government will swift from the in-kind commodity support to full cash support.
Speaking to “On My Responsibility” talk show on Sada el-Balad, Minister of Supply, Dr. Sherif Farouk, said that the citizen registered in the subsidy system obtains an allowance of 150 subsidized loaves monthly; Each subsidized loaf of bread costs 20 piasters, while the unsubsidized loaf is sold for LE 1.
The Minister added that the subsidy’s financial allocation rose up to LE 180 billion annually to help alleviate the burden of the increasing costs of living amid the current inflation.
On April 20, 2026, Prime Minister Mostafa Madbouly held a high-level meeting to review measures ensuring a reliable stock of essential goods and to discuss ongoing efforts to reform the subsidy system.
PM Madbouly pointed out that the current "unprecedented regional and international crises" have forced nations worldwide to rationalize expenditures. In response, Egypt aims to implement stricter governance of its subsidy system to ensure support reaches the most vulnerable segments of the population effectively.
Comments
Leave a Comment