{"id":569707,"date":"2020-03-04T05:57:55","date_gmt":"2020-03-04T05:57:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/egypt-mulls-increasing-budget-allocations-for-subsidies-in-fy2020-2021\/"},"modified":"2020-03-04T05:57:55","modified_gmt":"2020-03-04T05:57:55","slug":"egypt-mulls-increasing-budget-allocations-for-subsidies-in-fy2020-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/egypt-mulls-increasing-budget-allocations-for-subsidies-in-fy2020-2021\/","title":{"rendered":"Egypt mulls increasing budget allocations for subsidies in FY2020-2021"},"content":{"rendered":"<p><strong>BUDGET WATCH- Gov\u2019t mulls increasing subsidy allocations next fiscal year:<\/strong> The government is in talks with the House of Representative to discuss raising allocations for commodity subsidies to at least EGP 96 bn in the FY2020-2021 budget, from EGP 89 bn in the current fiscal year, <a href=\"https:\/\/bit.ly\/3cqJ5kD\">Supply Minister Ali El Moselhy tells Al Mal<\/a>. The increase will be necessary to cover the newborns that will be added to the country\u2019s subsidy rolls and to raise each beneficiary\u2019s monthly allowance, El Moselhy said. The government is considering increasing monthly allowances to EGP 200, from EGP 140 currently.<\/p>\n<p><strong>Over five mn newborns born between 2006 and 2015 will be added to the subsidy rolls soon<\/strong>, after being <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/01\/supply-ministry-to-begin-registering-newborns-to-subsidy-rolls-as-of-june-after-completing-its-kramer-purge\/\">registered last year<\/a>, El Moselhy said. The addition was projected to<a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/21\/registering-newborns-into-the-commodity-subsidy-system-could-see-budget-allocation-swell-by-egp-2-bn\/\">increase government spending on subsidies to EGP 91 bn<\/a> in FY2019-2020, so it\u2019s likely that the ministry will wait to finish purging Kramers from the subsidy rolls first. The purge has so far <a href=\"https:\/\/enterprise.press\/stories\/2019\/08\/04\/supply-ministry-details-criteria-for-fourth-phase-of-kramer-purge\/\">seen the removal of 8 mn beneficiaries<\/a>, of whom 1.8 mn <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/02\/egypt-restores-1-8-mn-people-to-food-subsidies-program\/\">were brought back on<\/a>.<\/p>\n<p><strong>What does this mean for the anticipated switch to cash subsidies?<\/strong> El Moselhy <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9fabcec1-7c2a-45bc-af43-e540972c6b9c\">had been working to gauge opinions<\/a> on the proposed system of doling out cash for food subsidy recipients in place of the current system of in-kind subsidies using ration cards. At the time, he noted that he would first meet with MPs to discuss how to make the move. El Moselhy hasn\u2019t given any signal on when the change would happen but Giza Chamber of Commerce board member Osama El Rifai had said in January it may happen within two months. The Cash Subsidies Act, which would govern this new system, had been sent to the House of Representatives<a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/07\/government-to-send-cash-subsidies-act-to-parliament-next-week-4\/\">back in July 2019<\/a>.<\/p>\n<p><strong>The new system would save state coffers some EGP 26.5 bn<\/strong>, or 30-35% of the subsidies bill in its first year, with that figure expected to rise to 40% in the second year of its implementation, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/505d0320-ce4d-4559-a96e-3d9c0fee12fb\">sources had suggested<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BUDGET WATCH- Gov\u2019t mulls increasing subsidy allocations next fiscal year: The government is in talks with the House of Representative to discuss raising allocations for commodity subsidies to at least EGP 96 bn in the FY2020-2021 budget, from EGP 89 bn in the current fiscal year, Supply Minister Ali El Moselhy tells Al Mal. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":569708,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[4715,10197,10288,72,7087,4716,2380,98,2200,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-569707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-allocations","tag-cards","tag-chamber","tag-enterpriseam","tag-finance","tag-purge","tag-speed-round","tag-subsidies","tag-takaful-and-karama","tag-trade","wpautop","entry"],"acf":{"mongo_id":"e0a01583-cdd2-4d73-bb8d-ba80cec30de5","is_powered_by":true,"section_story_id":"804cb797-da70-4583-9fcb-7970236e9d02","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/3\/56.jpg","photo_position":"above","related_issue":[569691],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt mulls increasing budget allocations for subsidies in FY2020-2021 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/egypt-mulls-increasing-budget-allocations-for-subsidies-in-fy2020-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt mulls increasing budget allocations for subsidies in FY2020-2021\" \/>\n<meta property=\"og:description\" content=\"BUDGET WATCH- Gov\u2019t mulls increasing subsidy allocations next fiscal year: The government is in talks with the House of Representative to discuss raising allocations for commodity subsidies to at least EGP 96 bn in the FY2020-2021 budget, from EGP 89 bn in the current fiscal year, Supply Minister Ali El Moselhy tells Al Mal. The [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/egypt-mulls-increasing-budget-allocations-for-subsidies-in-fy2020-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-04T05:57:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/56.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/egypt-mulls-increasing-budget-allocations-for-subsidies-in-fy2020-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/egypt-mulls-increasing-budget-allocations-for-subsidies-in-fy2020-2021\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt mulls increasing budget allocations for subsidies in FY2020-2021\",\"datePublished\":\"2020-03-04T05:57:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/egypt-mulls-increasing-budget-allocations-for-subsidies-in-fy2020-2021\/\"},\"wordCount\":332,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/egypt-mulls-increasing-budget-allocations-for-subsidies-in-fy2020-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/56.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Allocations\",\"Cards\",\"Chamber\",\"EnterpriseAM\",\"Finance\",\"Purge\",\"SPEED ROUND\",\"subsidies\",\"Takaful and Karama\",\"trade\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/egypt-mulls-increasing-budget-allocations-for-subsidies-in-fy2020-2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/egypt-mulls-increasing-budget-allocations-for-subsidies-in-fy2020-2021\/\",\"name\":\"Egypt mulls increasing budget allocations for subsidies in FY2020-2021 - 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The FY2019-2020 state budget had allocated EGP 89 bn for commodity subsidies. Supply Minister Ali El Moselhy had delayed registering newborns to September from June, likely as\u2026","rel":"","context":"In &quot;Egypt Politics + Economics&quot;","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591840,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/18\/govt-to-beat-fuel-subsidy-spending-targets-in-2q-govt-source\/","url_meta":{"origin":569707,"position":1},"title":"Gov\u2019t to beat fuel subsidy spending targets in 2Q - gov\u2019t source","author":"enterpriseam admin","date":"18 December 2019","format":false,"excerpt":"BUDGET WATCH- Gov\u2019t to beat fuel subsidy spending targets in 2Q -gov\u2019t source: The government will not spend more than EGP 10 bn on fuel subsidies in 2Q2019-2020, beating the EGP 13.23 bn quarterly allocations included in the state budget, an unnamed government source told Al Mal. Fuel subsidies spending\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625310,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/govt-will-not-need-an-overdraft-for-fy2018-19-to-cover-new-subsidy-beneficiaries\/","url_meta":{"origin":569707,"position":2},"title":"Gov\u2019t will not need an overdraft for FY2018-19 to cover new subsidy beneficiaries","author":"enterpriseam admin","date":"1 August 2018","format":false,"excerpt":"Gov\u2019t will not need an overdraft for FY2018-19 to cover new subsidy beneficiaries: The government will not seek an overdraft for the FY2018-19 state budget to accommodate new additions to subsidy rolls, Supply Ministry Spokesman Ahmed Kamal said yesterday, Al Shorouk reports. Instead, the government is focusing on weeding out\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546658,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/24\/subsidies-social-safety-net-allocations-dominate-house-budget-debate\/","url_meta":{"origin":569707,"position":3},"title":"Subsidies + social safety net allocations dominate House budget debate","author":"enterpriseam admin","date":"24 May 2022","format":false,"excerpt":"MPs raise flags on FY 2022-2023 budget allocations for subsidy + social safety net spending: Members of the House Planning and Budgeting Committee appear to be divided on whether the state should be upping its spend on commodity subsidies and expanding social safety programs, particularly as the Russia-Ukraine war has\u2026","rel":"","context":"In &quot;BUDGET WATCH&quot;","block_context":{"text":"BUDGET WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/budget-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/317.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573138,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/21\/egypt-settles-egp-6-bn-in-overdue-export-subsidies-earmarks-another-egp-7-bn-for-current-fiscal-year\/","url_meta":{"origin":569707,"position":4},"title":"Egypt settles EGP 6 bn in overdue export subsidies, earmarks another EGP 7 bn for current fiscal year","author":"enterpriseam admin","date":"21 July 2020","format":false,"excerpt":"Gov\u2019t disbursed EGP 6 bn in export subsidies last fiscal year, earmarks another EGP 7 bn for the new fiscal year: The Export Subsidy Fund doled out a total of EGP 6 bn in overdue export subsidies to 1,667 companies in FY2019-2020, according to a cabinet statement. The government has\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627148,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/24\/supply-ministry-to-begin-registering-new-beneficiaries-to-subsidy-rolls-alongside-newborns-as-of-august\/","url_meta":{"origin":569707,"position":5},"title":"Supply Ministry to begin registering new beneficiaries to subsidy rolls alongside newborns as of August","author":"enterpriseam admin","date":"24 July 2018","format":false,"excerpt":"The Supply Ministry will reportedly begin registering more citizens to the subsidy rolls as of August under tighter regulations adopted last year, a ministry source tells Al Shorouk. The ministry will begin accepting applications to issue new ration cards as the registration window also opens for families to add newborns\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/569707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=569707"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/569707\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/569691"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/569708"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=569707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=569707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=569707"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=569707"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=569707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}