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Deputy: 30B pounds lost in bread aid
The Egyptian House of Representatives discussed during a six-hour session the extent of waste in bread subsidy support at bakeries, which is estimated at around 30 billion Egyptian pounds annually. The current support system is experiencing numerous issues such as smuggling, theft, and the illegal storage of goods. Representatives confirmed that transitioning to a cash subsidy system will involve dividing eligible beneficiaries into different categories, so that those with lower incomes receive an increase of approximately 100 pounds, while those with higher incomes receive about 200 pounds. The goal is to direct funds more directly toward purchasing food products and reduce waste. Standards have also been established to exclude non-eligible individuals, including those whose salaries exceed 24,000 pounds, residents of compounds, and owners of luxury cars dating from 2016 or later, while maintaining support for owners of regular cars used for work or routine transportation.
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