{"id":630292,"date":"2018-04-17T03:54:03","date_gmt":"2018-04-17T03:54:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/17\/govt-targets-shifting-subsidy-beneficiaries-from-commodities-to-bread\/"},"modified":"2018-04-17T03:54:03","modified_gmt":"2018-04-17T03:54:03","slug":"govt-targets-shifting-subsidy-beneficiaries-from-commodities-to-bread","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/17\/govt-targets-shifting-subsidy-beneficiaries-from-commodities-to-bread\/","title":{"rendered":"Gov\u2019t targets shifting subsidy beneficiaries from commodities to bread"},"content":{"rendered":"

Gov\u2019t targets shifting subsidy beneficiaries from commodities to bread:<\/strong> The government is targeting reducing the number of subsidized commodities beneficiaries and raising the number of those eligible for bread subsidies during FY2018-19. According to reports on the government\u2019s preliminary budget<\/a> for the upcoming fiscal year, subsidized bread recipients are expected to rise to 78.6 mn citizens, up from 76.8 mn this year, while the number of benefactors for subsidized commodities will drop to 69 mn individuals from 71 mn currently. Overall spending on commodity subsidies is expected to rise 36.6% next year to EGP 86.18 bn<\/a>. Subsidy card holders are currently allotted five loaves of subsidized bread per day, and are currently able to use their surplus bread points to buy other commodities through subsidy vendors.<\/p>\n

Meanwhile, the Supply Ministry is reportedly looking to increasingly rely on imported, rather than locally produced, wheat for subsidized bread production<\/strong>, an unnamed ministry source said, according to Al Mal<\/a>. The new system would source 75% of the wheat needed from imports and the remaining 25% from local farmers, whereas the current split sees 60% coming from imports and 40% from local production. Farmers\u2019 Syndicate head Hussein Abdel Rahman tells the newspaper that the move is likely a result of the government\u2019s decision to set the wheat purchasing price below farmers\u2019 expectations, which is expected to drive down the amount of wheat farmers will sell to the government. The ministry is expected to announce the decision after the end of the current harvest season, which kicked off on Sunday, but it remains unclear when the changes will come into effect.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gov\u2019t targets shifting subsidy beneficiaries from commodities to bread: The government is targeting reducing the number of subsidized commodities beneficiaries and raising the number of those eligible for bread subsidies during FY2018-19. According to reports on the government\u2019s preliminary budget for the upcoming fiscal year, subsidized bread recipients are expected to rise to 78.6 mn […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630292","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"92fe8eac-0ddf-4e83-b7de-cab64e759a77","order":"0","is_powered_by":true,"section_story_id":"40e47e51-77b9-4b8f-9dd1-c67892c6e8df","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630271],"teaser":"","voice_url":""},"yoast_head":"\nGov\u2019t targets shifting subsidy beneficiaries from commodities to bread - 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\/2018\/04\/17\/govt-targets-shifting-subsidy-beneficiaries-from-commodities-to-bread\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t targets shifting subsidy beneficiaries from commodities to bread\" \/>\n<meta property=\"og:description\" content=\"Gov\u2019t targets shifting subsidy beneficiaries from commodities to bread: The government is targeting reducing the number of subsidized commodities beneficiaries and raising the number of those eligible for bread subsidies during FY2018-19. 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The increase would give each smart card holder EGP 0.20 for every loaf of bread not bought out of the 150 loaves allocated to\u2026","rel":"","context":"In "Speed Round"","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":621031,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/30\/govt-raises-price-of-subsidized-bread\/","url_meta":{"origin":630292,"position":3},"title":"Gov\u2019t raises price of subsidized bread","author":"enterpriseam admin","date":"30 May 2024","format":false,"excerpt":"This marks the first time the government has touched bread subsidies in 30 years.","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2520.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556554,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/31\/supply-ministry-downplays-potential-for-bread-subsidy-cuts-as-global-wheat-prices-rise\/","url_meta":{"origin":630292,"position":4},"title":"Supply Ministry downplays potential for bread subsidy cuts as global wheat prices rise","author":"enterpriseam admin","date":"31 October 2021","format":false,"excerpt":"Bread prices may rise, but it will \u201ctake time\u201d: The government is playing down the likelihood of an imminent increase in the price of subsidized bread amid rising global wheat prices, with Supply Minister Al El Moselhy telling reporters on Thursday that it \u201cwill take time\u201d for the government to\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/323.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":623547,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/06\/subsidized-bread-hikes-under-the-spotlight\/","url_meta":{"origin":630292,"position":5},"title":"Subsidized bread hikes under the spotlight","author":"enterpriseam admin","date":"6 June 2024","format":false,"excerpt":"The Reuters take on bread subsidy cuts: Reuters is out with two pieces diving into the nitty-gritty of last week\u2019s hike to the price of subsidized bread. 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