There is a clear program to lift energy subsidies over five years, said Prime Minister Sherif Ismail, noting that the results would have been even more undesirable if the government had not implemented this program. Ismail stressed that the government’s will continue to implement the economic reform program, referring to some indicators of economic improvement. In another context, the Ministry of Supply began on Thursday the distribution of June subsidized food commodities through 30,000 outlets nationwide. The total June subsidized food commodities are worth about LE2 billion, in addition to LE1 billion approved by the Cabinet to support the poor during Ramadan. According to the Supply Minister Ali Meselhy, the per capita share of subsidized food commodities rose from LE21 to LE35.

Source: Egypt Independent June 02, 2017 09:45 UTC