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Sunday, 21 July 2019

Registering newborns into the commodity subsidy system could see budget allocation swell by EGP 2 bn

Including newborns into the commodity subsidies system could see the government spending EGP 91 bn in FY2019-2020, a government source told Al Mal. The FY2019-2020 state budget had allocated EGP 89 bn for commodity subsidies. Supply Minister Ali El Moselhy had delayed registering newborns to September from June, likely as the ministry has yet to complete purging the commodity subsidy system from Kramers (fraudulent beneficiaries of the subsidy system).

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