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Tuesday, 25 June 2019

Supply Ministry in talks with FinMin, bakeries over switching subsidies to cash handouts

The Supply Ministry is in talks with the Finance Ministry, subsidized bread bakeries, and other key stakeholders over its planned shift from in-kind subsidies to cash handouts, an unnamed source from the ministry’s General Authority for Supply Commodities (GASC) tells Al Mal. The source denied recent reports that there are concrete plans to make the switch as of next month. Supply Minister Ali El Moselhy had previously held meetings with bakery owners to look into a new system whereby subsidy recipients would receive cash handouts, rather than points on their ration cards with which to purchase bread.

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