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Thursday, 28 July 2022

Last Night’s Talk Shows: Our bread prices will remain stable

It was a notably quiet night on the airwaves last night: The big talking point last night continued to be the government’s package of social support measures announced on Tuesday.

Bread subsidies aren’t changing: Bread prices will not rise and the government is sticking to its plans in the budget, which will see it spend EGP 55 bn on bread subsidies this fiscal year, Supply Minister Ali El Moselhy told Ala Mas’ouleety’s Ahmed Moussa (watch, runtime: 5:12). The minister emphasized that the government remains committed to ensuring food security, especially to the most vulnerable people. The cost of a loaf of subsidized baladi bread has jumped from EGP 0.6 to EGP 0.75 this year but the state will continue to offer the loaf at EGP 0.5, he said.

Ration card holders will also benefit from the measures: Each one-family ration card will see an EGP 100 increase in credit for the purchase of food staples for the coming six months, costing the state EGP 5.5 bn, El Moselhy said (watch, runtime: 46:47).

More help on the way: The National Alliance for Civil Development Work announced that it will offer monthly aid to 400k families for a year at a total cost of EGP 2.4 bn, Al Hayah Al Youm reported (watch, runtime: 4:45).

More COP coverage: Al Hayah Al Youm sat with a number of climate experts, including Environment Minister Yasmine Fouad, to discuss the government’s plans for COP27 (watch, runtime: 44:21).

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