Subsidies
The harvest season of rice in Egypt begins in July.
Minister of Supply and Internal Trade Ali al-Moselhy made the statement Wednesday.
Those were achieved between March 31 and August 17.
Those measures will be decreed by President Abdel Fatah al-Sisi in July.
Prime Minister Mostafa Madbouli attended Thursday the signing of an agreement between the Ministry of Social Solidarity, and the Social Housing Fund.
The president made two other instructions pertaining to social safety.
It added that the ministry continues to distribute subsidized loaves of bread to citizens on ration cards for five piasters without any increase.
The government has been making steps to reinforce the social safety network since the outbreak of the Russia-Ukraine War.
The Ministry of Supply and Internal Trade Ali al-Moselhy stated Sunday that the government mulls mixing mashed dried white sweet potato with wheat flour.
That will be extended to the monetary subsidies program.
Minister of Social Solidarity Nevine al-Qabaj confirmed Thursday the statements made by Prime Minister Mostafa Madbouli earlier this week on adding 400,000 families to Takaful and Karama.
While checking the FY2022/2023 draft budget, President Abdel Fatah al-Sisi instructed the government to immediately prepare a bundle of financial and social protection measures.
Qabaj added that the ministry also pays the tuition fees of 300,000 disabled school students.
The Prime Minister continued that the violators would be deprived of all forms of subsides on basic commodities, bread, fertilizers, and etc.
It is noted that ration cards are issued for families, covering the husband, wife, and children, if any, but not individuals.
Trade Minister clarified that the number of applied companies reached 1634 companies.
Egypt will offer the New administrative capital company on the stock exchange.
Those are concentrated in the sectors of transportation, constructions, agriculture, fishing, baking, and pedestrian vendors.
The Egyptian economy has overcome the crisis of Covid-19, passing the test of its economic reform, according to a study by the Egyptian Center for Strategic Studies.
Minister of Supply and Internal Trade Ali al-Moselhy stated Monday that the size of in-kind subsidies per annum is LE84 billion.
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