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بوابة أخبار اليوم
Supply Minister: 30B pounds corruption in subsidized bread
The Minister of Supply pointed out that the extent of corruption in the subsidized bread system reached 30 billion Egyptian pounds. He also discussed the campaign to clean up the food subsidy cards, which resulted in the removal of 850,000 citizens who are not eligible—such as those owning luxury cars, studying in foreign schools, holding commercial records, or residing in compound developments. He emphasized that the financial support will not be directed to the Ministry of Finance but will instead be re-invested to support the citizens. Additionally, he mentioned the possibility of reducing the weight of the subsidized bread from 90 grams to 70 grams, a decision that could adversely affect more than one-third of Egyptians who rely on bread as their primary source of energy. He called for caution and a thorough study of the potential impacts before implementing this decision.
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