Subsidies
"Officials who aren’t able to impose order by dealing with construction violations have to resign," President Sisi.
Saafan said in a statement Sunday, that the value of subsidies amounted to LE 346.806 million for about 299,530 working in 3,393 establishments affected by the emerging coronavirus pandemic, at a rate of 100 percent of the basic wage of workers.
"All readings will be photographed and kept for a period of time to be used when submitting any complaint from the owner of the meter,” he stated.
The price of electricity for the domestic sector will be raised by the beginning of July 2020 by 19.1 percent.
The Ministry of Supply and Internal Trade will replicate a charity initiative that took place on April 23-May 11.
Egypt spent LE 60.1 billion on fuel subsidies in the same period a year earlier.
Payments will be reimbursed to workers at around 1,262 tourism establishments in the coming days.
President Sisi checked upon the Egyptian Armed Forces elements and equipment assisting the civilian sector in combating COVID-19.
Minister of Housing Assem al-Gazar stated that the number of social housing units established until present is 400,000, while those under construction are 290,000.
It is a by-product outcome of the program.
Consumer complexes are supermarkets owned by public companies to sell subsidized goods to citizens.
Thirty-five complaints had been raised by citizens even before the cut took place.
CAPMAS said that the monthly rate decreased due to the decrease in prices of food by 2.3 percent last month in comparison to the previous month.
The subsidies cut would help in raising wages and salaries, and in redirecting subsidies to supply cards which benefit the most-needy persons amounting to 76 million citizens.
Prime Minister Mostafa Madbouly issued a decree on Saturday mandating the review of fuel pricing quarterly per annum based on Brent crude oil price and the exchange rate.
The train fares will not change any time soon following the increase of fuel prices, Chairman of the Egyptian Railway Authority (ERA) Ashraf Raslan told Egypt Today.
Ministry of Petroleum is expected to announce new prices of octane gasoline 95 in accordance with the automatic pricing mechanism that was approved in January.
Those offices are being equipped with computers, photocopiers, scanners, fax machines, AC, waiting halls, and queue number machines.
The new prices come as part of the government’s economic reform program.
International Monetary Fund experts has recommended the disbursement of the 6th and last tranche of $2 billion to Egypt in their review to its economic reform program.