Egypt’s Minister of Supply and Internal Trade Ali al-Moselhy announced Saturday that the government is contemplating the gradual lifting of bread subsidies, while identifying the groups most in need for compensation. The Minister of Supply added that bread is still an in-kind subsidy, and conditional cash support is more efficient than in-kind support. Moselhy said that the goal is not to reduce subsidies, but to raise its efficiency. “We do not want to negatively affect the needy groups, and the gradual lifting of subsidies on bread is being studied with the identification of the groups most in need to compensate them,” Moselhy said. He stressed that no decision has been taken so far regarding bread, but studies exist and a decision will be taken.

Source: Egypt Independent January 02, 2022 21:24 UTC