{"id":643192,"date":"2024-09-04T00:00:00","date_gmt":"2024-09-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/04\/fresh-details-on-the-move-to-cash-based-subsidies\/"},"modified":"2024-09-04T00:00:00","modified_gmt":"2024-09-04T00:00:00","slug":"fresh-details-on-the-move-to-cash-based-subsidies","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/04\/fresh-details-on-the-move-to-cash-based-subsidies\/","title":{"rendered":"Fresh details on the move to cash-based subsidies"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>What will cash-based subsidie<\/strong><strong>s look like? <\/strong>As we inch closer to the government scrapping in-kind subsidies and replacing them with cash subsidies, several questions linger regarding the new subsidy program \u2014 how it will work and how much will cash-based subsidies pay out? <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cash-based subsidies will range between EGP 500-1,250<\/strong>, a government source told Enterprise. A two-person household will receive a monthly EGP 500, three-person households will receive EGP 750, while four-person households will be getting a monthly EGP 1,250. Households with more than four members will not be eligible for any subsidies, our source told us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Annual increases: <\/strong>The sums suggested will be raised annually in line with inflation levels, the source said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It will be a gradual transition: <\/strong>The first year of implementation will see both in-kind and cash-based subsidies granted to households \u2014 in-kind subsidies will exclude oil and sugar. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How will the funds be distributed? <\/strong>Families will receive their cash subsidies through a card that can be used just like a prepaid card in retail stores. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The timeline: <\/strong>Prime Minister Moustafa Madbouly last week <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8006b9d5-4a15-40d9-811a-8e885083c8b2\/commodities,-tourism-incentives,-and-subsidies-were-the-main-talking-points-in-madbouly%25e2%2580%2599s-weekly-presser\" style=\"\" rel=\"noopener\">said<\/a> that he hopes to see the initial phases of the implementation of cash-based subsidies at some point during the next fiscal year. The matter has already been discussed by the National Dialogue, which is now in talks with the government over how it could be implemented, he said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>Slashing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ce01f29c-8a4e-43ba-ac77-91e06d5c9990\/imf-to-begin-fourth-loan-review-by-october-at-the-latest\" style=\"\" rel=\"noopener\">subsidies<\/a> and moving towards direct cash-based assistance is one of the steps the International Monetary Fund is eager for us to carry out. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>We could see the initial phases of the implementation of cash-based subsidies at some point during the next fiscal year<\/p>\n","protected":false},"author":1,"featured_media":643193,"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":[7206],"tags":[104,72,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-643192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy","tag-enterpriseam","tag-subsidies","wpautop","entry"],"acf":{"mongo_id":"58546cd7-5ad9-49a6-a325-645b2cf769d9","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/281.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Fresh details on the move to cash-based subsidies","related_issue":[643182],"teaser":"We could see the initial phases of the implementation of cash-based subsidies at some point during the next fiscal year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.b7bdd6a0-6fdc-49fb-9b18-47b3c13e7040.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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He did not disclose the number\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":569707,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/egypt-mulls-increasing-budget-allocations-for-subsidies-in-fy2020-2021\/","url_meta":{"origin":643192,"position":1},"title":"Egypt mulls increasing budget allocations for subsidies in FY2020-2021","author":"enterpriseam admin","date":"4 March 2020","format":false,"excerpt":"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\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\/2020\/3\/56.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567148,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/14\/get-house-approval-before-making-subsidies-changes-abdel-aal-tells-govt\/","url_meta":{"origin":643192,"position":2},"title":"Get House approval before making subsidies changes, Abdel Aal tells gov\u2019t","author":"enterpriseam admin","date":"14 January 2020","format":false,"excerpt":"Abdel Aal reminds gov\u2019t switching to cash food subsidies needs House approval: The Supply Ministry\u2019s plans must earn a stamp of approval from the House of Representatives, Ahram Online reported House Speaker Ali Abdel Aal as saying yesterday. Abdel Aal wagged his finger at Supply Minister Ali El Moselhy for\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\/2020\/1\/595.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":643238,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/04\/el-sisi-is-on-his-way-to-ankara\/","url_meta":{"origin":643192,"position":3},"title":"El Sisi is on his way to Ankara","author":"enterpriseam admin","date":"4 September 2024","format":false,"excerpt":"Good afternoon, friends. We are in for a busy evening with President Abdel Fattah El Sisi expected to land in Turkey any minute now, giving us plenty to look forward to on the diplomacy front. THE BIG STORY TODAY- El Sisi is on his way to Ankara: President Abdel Fattah\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/320.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572147,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/14\/egypt-settles-c-egp-3-bn-in-overdue-exports-subsidies-in-april-may\/","url_meta":{"origin":643192,"position":4},"title":"Egypt settles c. EGP 3 bn in overdue exports subsidies in April, May","author":"enterpriseam admin","date":"14 June 2020","format":false,"excerpt":"The Export Subsidy Fund doled out nearly EGP 3 bn in overdue export subsidies in April and May, bringing the total amount paid out in FY2019-2020 to EGP 5.2 bn, cabinet said in a statement. A further EGP 1 bn will be disbursed this month to help exporters with liquidity\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\/2020\/6\/148.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547128,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/09\/more-inflation-coming-our-way\/","url_meta":{"origin":643192,"position":5},"title":"More inflation coming our way","author":"enterpriseam admin","date":"9 June 2022","format":false,"excerpt":"Could household electricity bills rise from 1 July? Households could see their electricity bills rise by as much as 21% from 1 July, according to the government\u2019s 2020 schedule (pdf) to phase out subsidies by 2025. According to the schedule, hikes in some unsubsidized consumption tiers will see other households\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/209.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/643192","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=643192"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/643192\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/643182"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/643193"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=643192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=643192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=643192"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=643192"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=643192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}