President Abdel Fatah al-Sisi instructed Tuesday adding one more million families to the monetary subsidies program 'Takaful wa Karama', and disbursing exceptional aid for nine million families for six months.
That was during a meeting with Prime Minister Mostafa Madbouli, Minister of Supply and Internal Trade Ali al-Moselhy, Minister of Interior Mahmoud Tawfik, Minister of Finance Mohamed Maait, and Minister of Social Solidarity Nevine al-Qabbaj.
The purpose of the meeting was following up on the measures taken and planned by the government to face the economic repercussions of the Russia-Ukraine War, and the lasting negative effects of COVID-19 pandemic.
The families to be added to the monetary subsidies program will make the total number of beneficiaries 20 million individuals. As for the exceptional aid, which will be worth LE billion per month in total, eligibility is limited to pensioners whose pension value is below LE 2,500 monthly, and public workers whose monthly income salary is less than LE 2,700.
The president made two other instructions, which are selling two million boxes of food staples monthly at half the price through the outlets of the Egyptian Armed Forces, and distributing free red meat all year long at a budget of LE 11 billion. The latter will be carried out by the Ministry of Social Solidarity, and the Ministry of Endowments.
As for the information presented by
the ministers, Qabaj displayed the current status of bread subsidies, food
staples, monetary subsidies, free medical services, pensions, social insurance,
and subsidized housing. The budget allocated to those programs in FY2022/2023
amounted to LE 500 billion.
Further, Moselhy clarified that Egypt's stocks of grains and cooking oil are sufficient for seven months, noting that such capacity has been made possible by introducing silos that are equipped with advanced technology.
Source: Egypt Today
