{"id":644924,"date":"2017-07-06T04:24:27","date_gmt":"2017-07-06T04:24:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/06\/cutting-down-on-fuel-and-energy-subsidies-is-just-what-the-doctor-ordered\/"},"modified":"2017-07-06T04:24:27","modified_gmt":"2017-07-06T04:24:27","slug":"cutting-down-on-fuel-and-energy-subsidies-is-just-what-the-doctor-ordered","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/06\/cutting-down-on-fuel-and-energy-subsidies-is-just-what-the-doctor-ordered\/","title":{"rendered":"Cutting down on fuel and energy subsidies is just what the doctor ordered"},"content":{"rendered":"<p><strong>Cutting down on fuel and energy subsidies is just what the doctor ordered for Egypt and its poorest citizens,<\/strong> Patrick Werr writes in his latest <a href=\"https:\/\/www.thenational.ae\/business\/egypt-s-efforts-to-cut-back-on-subsidies-could-help-the-economy-soar-as-well-as-its-poor-1.95955\">piece for The National<\/a>. \u201cThe move to reduce energy subsidies is long overdue,\u201d Werr says, arguing that it\u2019s the wealthy rather than the poor who were the main beneficiaries of the subsidies and \u201cthe main victims of these price increases,\u201d since they consume the bulk of Egypt\u2019s energy output. The subsidy system is not only plagued by endless corruption, but the state\u2019s monstrous subsidy bill has also been holding back growth and sucking up funds that would be far better spent on education, health and infrastructure for the poor. So fret not, Werr says, because \u201cthe economy should soar\u201d once Egypt gets its finances in order. <strong>In the meantime though, \u201cit\u2019s the rich who will have to make painful lifestyle adjustments.\u201d<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cutting down on fuel and energy subsidies is just what the doctor ordered for Egypt and its poorest citizens, Patrick Werr writes in his latest piece for The National. \u201cThe move to reduce energy subsidies is long overdue,\u201d Werr says, arguing that it\u2019s the wealthy rather than the poor who were the main beneficiaries of [&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":[7233],"tags":[2386,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-644924","post","type-post","status-publish","format-standard","hentry","category-egypt-in-the-news","tag-egypt-in-the-news","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"720bd111-5f07-4387-92b8-98e6cf416742","order":"0","is_powered_by":true,"section_story_id":"f55888bc-e63a-4db6-9a51-4b6023786225","story_type":"1","photo_url":"","photo_position":"above","related_issue":[644899],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Perhaps it would be much better just to give people direct payments and let them decide how to spend it by themselves, he adds. When petrol is artificially inexpensive, people\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":651090,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/05\/more-subsidy-cuts-coming-soon-as-imf-delegation-reviews-reform-agenda-progress\/","url_meta":{"origin":644924,"position":1},"title":"More subsidy cuts coming soon as IMF delegation reviews reform agenda progress","author":"enterpriseam admin","date":"5 February 2017","format":false,"excerpt":"More subsidy cuts coming soon as IMF delegation reviews Egypt\u2019s progress on reform program: The Ismail government is preparing a series of new \u201causterity measures\u201d which it plans to discuss with an International Monetary Fund delegation currently visiting to review progress on the reform program Egypt agreed as a condition\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":633985,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/02\/egypt-moving-closer-towards-becoming-regional-energy-hub-werr\/","url_meta":{"origin":644924,"position":2},"title":"Egypt moving closer towards becoming regional energy hub -Werr","author":"enterpriseam admin","date":"2 January 2018","format":false,"excerpt":"Egypt is moving closer to becoming a regional gas hub, Patrick Werr writes for Reuters. It is set to inaugurate a new wharf for natural gas and petroleum product tankers on the Gulf of Suez that is being built by SUMED. Werr says the \u201cwharf will have three berths to\u2026","rel":"","context":"In &quot;EGYPT IN THE NEWS&quot;","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649064,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/20\/expanding-metro-lines-light-rail-should-be-national-priority-werr\/","url_meta":{"origin":644924,"position":3},"title":"Expanding metro lines, light rail should be national priority -Werr","author":"enterpriseam admin","date":"20 April 2017","format":false,"excerpt":"Expanding metro lines and light rail is a mega-project that should command priority above all, Patrick Werr writes in The National. \u201cThe lack of local public transport should be put at the level of a national emergency: he inability to move efficiently around cities is stifling economic growth, generating the\u2026","rel":"","context":"In &quot;EGYPT IN THE NEWS&quot;","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637178,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/09\/new-administrative-capital-to-add-pressure-on-resources-werr\/","url_meta":{"origin":644924,"position":4},"title":"New administrative capital to add pressure on resources -Werr","author":"enterpriseam admin","date":"9 November 2017","format":false,"excerpt":"No one story is leading the conversation on Egypt this morning in the international press, but that doesn\u2019t mean it was a quiet night at all:Development plans for the new administrative capital will \u201cput Egypt\u2019s resources to the test,\u201d Patrick Werr writes for The National. Werr says finding the water\u2026","rel":"","context":"In &quot;EGYPT IN THE NEWS&quot;","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648843,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/rencap-says-egypt-is-a-haven-trade-werr-says-state-of-emergency-could-slow-recovery-down\/","url_meta":{"origin":644924,"position":5},"title":"Rencap says Egypt is a haven trade, Werr says state of emergency could slow recovery down","author":"enterpriseam admin","date":"13 April 2017","format":false,"excerpt":"Renaissance Capital says investing in Egypt is an emerging market safe-haven trade, Global Chief Economist Charles Robertson told Bloomberg TV. Egypt is one of the places that provide \u201cidiosyncratic opportunities,\u201d he says, despite the terrorist attacks. \u201cIt\u2019s high yield and it\u2019s got a cheap currency,\u201d Robertson adds. 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