Newton wants the government to revise lifting subsidies some more: The Al Masry Al Youm columnist writing under the pseudonym Newton thinks the government should rework its schedule for lifting subsidies in light of the inflationary impact of its economic reforms that has not been offset by an increase in wages. The columnist, who may have slept through the many announcement of wage, pension and other benefit increases, points in particular to subsidies on things that affect low-income citizens, such as diesel, which he believes should not be lifted at the same time as electricity. Newton gets more than his fair dose of Nasseritis, suggesting that the state should look at other sources of financial drain, such as unnecessary luxuries given to certain officials, to curb its expenditures.
More from Enterprise
Your points are currency, treat them like one
Most people treat credit card points like a pleasant surprise:…
How should young people think about money and budgeting?
Your income and your time are your biggest assets in…
The EGX30 added 1.73% in May, but the rally has rotated down-market
Foreign institutions sold EGP 2.8 bn of EGX-listed stocks last…
The apps reshaping how we manage money
Today, users can invest in stocks, gold, or money market…