{"id":599942,"date":"2019-01-15T04:25:44","date_gmt":"2019-01-15T04:25:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/15\/egp-2-4-bn-expected-increase-in-staples-subsidies-in-2018-2019-fiscal-year\/"},"modified":"2019-01-15T04:25:44","modified_gmt":"2019-01-15T04:25:44","slug":"egp-2-4-bn-expected-increase-in-staples-subsidies-in-2018-2019-fiscal-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/15\/egp-2-4-bn-expected-increase-in-staples-subsidies-in-2018-2019-fiscal-year\/","title":{"rendered":"EGP 2.4 bn expected increase in staples subsidies in 2018\/2019 fiscal year"},"content":{"rendered":"<p><b>Gov\u2019t spending on subsidies looks set to exceed budget targets: <\/b>Subsidies for staple items are expected to exceed the FY2018-19 budget by about EGP 2.4 bn,<a href=\"https:\/\/www.almalnews.com\/Story\/406753\/14\/%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-2-4-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87-%D9%81%D9%89-%D9%85%D8%AE%D8%B5%D8%B5%D8%A7%D8%AA-%D8%AF%D8%B9%D9%85-%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%86\">a source from the Supply Ministry told Al Mal<\/a>. The government spent an additional EGP 900 mn in 1H2018-19 on commodity subsidies, the source said, noting that the government expects the increase in the second half of the fiscal year to grow by EGP 1.5 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gov\u2019t spending on subsidies looks set to exceed budget targets: Subsidies for staple items are expected to exceed the FY2018-19 budget by about EGP 2.4 bn,a source from the Supply Ministry told Al Mal. The government spent an additional EGP 900 mn in 1H2018-19 on commodity subsidies, the source said, noting that the government expects [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[317,72,7087,2380,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599942","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-commodities","tag-enterpriseam","tag-finance","tag-speed-round","tag-subsidies","wpautop","entry"],"acf":{"mongo_id":"a645ba28-c6bb-4d5f-b708-b36e49df2980","is_powered_by":true,"section_story_id":"96ae7e49-aa02-4c08-8454-b6d546d53600","story_type":"1","photo_url":"","photo_position":"above","related_issue":[599929],"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>EGP 2.4 bn expected increase in staples subsidies in 2018\/2019 fiscal year - 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\/2019\/01\/15\/egp-2-4-bn-expected-increase-in-staples-subsidies-in-2018-2019-fiscal-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGP 2.4 bn expected increase in staples subsidies in 2018\/2019 fiscal year\" \/>\n<meta property=\"og:description\" content=\"Gov\u2019t spending on subsidies looks set to exceed budget targets: Subsidies for staple items are expected to exceed the FY2018-19 budget by about EGP 2.4 bn,a source from the Supply Ministry told Al Mal. 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The final subsidy payment to those companies, some EGP 750 mn, is expected to be received by the end of the ongoing\u2026","rel":"","context":"In &quot;SPEED ROUND: BUDGET WATCH&quot;","block_context":{"text":"SPEED ROUND: BUDGET WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-budget-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/420.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":599942,"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. 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