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Prime Minister Mostafa Madbouly held a high-level meeting on Monday to review measures ensuring a reliable stock of essential goods and to discuss ongoing efforts to reform the subsidy system.

The meeting was attended by key officials, including the Minister of Finance, Ahmed Kouchouk, and the Minister of Supply and Internal Trade, Dr. Sherif Farouk, along with representatives from the Armed Forces Financial Affairs Authority and the Supply Police.

At the start of the session, the Prime Minister emphasized the necessity of continuous monitoring and inter-agency coordination to safeguard essential supplies, particularly in light of regional tensions and their impact on global supply chains. He noted that proactive measures taken by the government have successfully maintained reserves sufficient for several months.

PM Madbouly pointed out that the current "unprecedented regional and international crises" have forced nations worldwide to rationalize expenditures. In response, Egypt aims to implement stricter governance of its subsidy system to ensure support reaches the most vulnerable segments of the population effectively.

Minister of Supply Sherif Farouk detailed efforts to ensure the availability of essential goods at reasonable prices through coordinated market monitoring. He affirmed that, following the directives of President Abdel Fattah El-Sisi, strategic reserves remain robust, which helps prevent market manipulation and ensures price stability.

Cabinet Spokesperson Mohamed El-Homsani concluded that the meeting focused on optimizing resource utilization to meet the social goals of the state while providing for the specific needs of targeted groups.

Source:  Egypt Today