Subsidies
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.
Maait attributed the increase in subsidies allocations to the payment of all treasury obligations in favor of the Pension Fund, with a value of LE 42.5 billion during the six months, with an annual growth rate of 186 percent.
The minister asserted that overpopulation has a negative impact on the state's budget and the Egyptian economy.
The Cabinet's Information Center revealed Saturday that the number of beneficiaries of the monetary subsidies program Takaful Wa Karama has reached 3.6 million.
"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.
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