19 Hrs
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Fouad Announces Key House Session on Cash Support
Member of Parliament and economic expert Mohamed Fouad confirmed that Egypt's transition from a direct subsidy system to cash support is an important step in economic reform and social protection. It aims to enhance the efficiency of spending and ensure that support reaches those who deserve it. Currently, Egypt's subsidy system ranks first worldwide in terms of the proportion of support, and fourth in the number of beneficiaries, with approximately 68 million citizens benefiting through food subsidy cards. The Parliament plans to hold an important session to discuss this matter, with the goal of developing the system and achieving social justice. The focus will be on building trust and providing the necessary mechanisms and guarantees to implement the new system efficiently.
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