Supply ministry, bakers angling for increase in earmark for bread subsidies in the next budget

Look for additional spending on bread subsidies in the 2017-18 state budget as the Supply Ministry and Federation of Chambers of Commerce both lobby the Finance Ministry for more generous earmarks for the subsidy, Al Mal reports. Spending on bread subsidies is presently set to ring in at EGP 37.1 bn in the next budget (up from EGP 23 bn in 2016-17), and could rise by as much as EGP 11 bn if the Federation gets its way.