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Sources indicate that there is a plan to reduce energy subsidies in Egypt between 2024 and 2026, aimed at decreasing reliance on government support and achieving financial sustainability. The plan involves gradually increasing fuel and electricity prices, with some goods expected to rise by up to 53% by 2026, as part of measures to gradually cut energy subsidies over a ten-year period. It is anticipated that this approach will lessen the subsidy burden on the general budget, but may also lead to higher living costs for citizens. The government is implementing a carefully considered plan to ensure a balance between economic reforms and the needs of the population.
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