Last Update 23:8
Tuesday, 22 October 2019

Egypt to increase food subsidies amid price hikes

Finance minister said that food subsidies will be increased from EGP 44 billion to EGP 50 billion starting next month

Ahram Online , Friday 4 Nov 2016
Egyptian buy bread at a popular market in Cairo, Egypt (File Photo: Reuters)
Views: 4714
Views: 4714

Egypt will increase the amount allocated to individuals holding food subsidy cards from EGP 18 to 21 starting next month, Supply Minister Mohamed Ali El-Sheikh said at a Friday press conference, in a bid to compensate for food price hikes caused by the flotation of the pound and increase in fuel prices.

During the conference, Finance Minister Amr El-Garhy said the increase of the individual's share in the smart-card system for buying subsidised food will increase the state budget in this category from EGP 44 billion to EGP 50 billion.

Prime Minister Sherif Ismail, also speaking at the conference, said that some product prices will increase after price hikes in oil products.

"I will meet with the country’s provincial governors to put a plan in action to control price hikes," he added.

"There is a need to revise those who have access to subsidised products to ensure that subsidised food reaches those who deserve it."

Also speaking at the conference, Minister of Social Solidarity Ghada Wali said that one million participants in the pension programme Karama and Takafol were added to the subsidy-card system.

Karama and Takafol aims to increase the consumption of individuals and families living in poverty.

Wali also said that the government had decreased the age of those receiving the programme's benefits from 65 to 60 years.

In August, the country announced that the smart-card system for selling subsidised food will soon fall under the authority of the military production ministry instead of the ministries of supply and planning.

At the time the decision was attributed to "speed up the issuing of the food subsidy cards, replace lost or damaged cards, raise efficiency and provide machinery for new bakeries and groceries." 

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.