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بوابة الفجر
Fakhri Al-Feki suggests tiered cash support
Fakhry El-Feki, former deputy director at the International Monetary Fund, suggested implementing a tiered system to develop the cash support framework, with the aim of directing support more efficiently to eligible groups. He emphasized that social support and protection allocations in the budget amount to approximately 832 billion Egyptian pounds, covering programs such as Takaful and Karama, in addition to bread subsidy, which accounts for around 142 billion pounds. He underscored the necessity of linking the value of support to the price indices of essential goods to ensure the preservation of citizens' purchasing power.
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