Cash subsidies are not feasible right now, says supply minister

It looks like cash subsidies might be off the table for now: There is “no need to rush” major decisions such as a switch to cash subsidies from the current commodity subsidy system, newly-appointed Supply Minister Ali El Moselhy tells Al Ahram, saying cash subsidies aren’t feasible given the nation’s current economic challenges. El Moselhy, who had said that his main focus will be streamlining and refining the subsidy system, is conducting a comprehensive policy review before developing an action plan to present to President Abdel Fattah El Sisi in two weeks’ time. The House of Representatives expects a subsidy phase-out strategy from El Moselhy in 10 days’ time.