The House of Representatives’ Budget Committee seems to think that the EGP 110 bn the state earmarked for fuel subsidies in the FY2017-18 budget is too high considering the announced rate of fuel subsidy cuts, Al Mal says. MPs on Wednesday asked Finance Minister Amr El Garhy to provide them with a breakdown for the fuel subsidy bill to explain the amount. El Garhy said the allocation came from the Oil Ministry and that its officials need to be questioned on the particulars.

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