Bread Subsidies
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.
Egypt’s Prime Minister Mostafa Madbouli has commented on the recent electricity price hikes implemented by the government, stating that the decision will help decrease sector losses to LE 75 billion, down from LE 90 billion.
