{"id":645340,"date":"2017-07-18T03:44:47","date_gmt":"2017-07-18T03:44:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/18\/govt-considers-doubling-bread-point-subsidies-on-smart-cards-reuters\/"},"modified":"2017-07-18T03:44:47","modified_gmt":"2017-07-18T03:44:47","slug":"govt-considers-doubling-bread-point-subsidies-on-smart-cards-reuters","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/18\/govt-considers-doubling-bread-point-subsidies-on-smart-cards-reuters\/","title":{"rendered":"Gov\u2019t considers doubling bread point subsidies on smart cards -Reuters"},"content":{"rendered":"

The government is considering doubling the bread subsidies that qualified beneficiaries receive through the Supply Ministry\u2019s smart card system<\/strong>, two government sources told Reuters\u2019 Arabic service<\/a>. 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 each cardholder every month. The points on the card are then tallied and allow the cardholder to buy other commodities using the accumulated balance. The caveat: the ministry will reduce the daily allocation of subsidized bread from five loaves to four.<\/strong> A source said the move is motivated by the government\u2019s desire to reduce system manipulation by bakers, who, the source claims, overcharge the government. Another unnamed source said the government currently spends EGP 375-400 mn each month on the bread points subsidy system \u2014 an amount that is set to double if the increase is approved.<\/p>\n

\u2026To help us keep track of the new changes to the subsidy system, the Supply Ministry is also considering issuing a price guide for goods along the bread supply chain every month<\/strong>, ministry spokesperson Mohamed Sewed tells Al Borsa<\/a>. These will include the price of subsidized bread, and the price of wheat the government will sell to flour mills and the price of flour it will sell to bakeries.<\/p>\n

On that note, the ministry also announced that it purchased a total 3.75 mn tonnes of wheat from local farmers during this year\u2019s harvest season<\/strong>, which ended on 15 July, Supply Minister Ali El Moselhy told the press on Monday<\/a>. Prices ranged from EGP 555-575 per ardeb.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government is considering doubling the bread subsidies that qualified beneficiaries receive through the Supply Ministry\u2019s smart card system, two government sources told Reuters\u2019 Arabic service. 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 each cardholder every month. The […]<\/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-645340","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c9c69853-858f-4f19-bfb3-a1b8f5c18e5c","order":"0","is_powered_by":true,"section_story_id":"65f5f301-0dbc-4629-a30e-8dc71595277a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645325],"teaser":"","voice_url":""},"yoast_head":"\nGov\u2019t considers doubling bread point subsidies on smart cards -Reuters - 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\/2017\/07\/18\/govt-considers-doubling-bread-point-subsidies-on-smart-cards-reuters\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t considers doubling bread point subsidies on smart cards -Reuters\" \/>\n<meta property=\"og:description\" content=\"The government is considering doubling the bread subsidies that qualified beneficiaries receive through the Supply Ministry\u2019s smart card system, two government sources told Reuters\u2019 Arabic service. 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 each cardholder every month. 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The ministry had issued a report indicating that smart card holders consume an average of 2.5-3.8 loaves of bread out\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":621552,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/12\/egypt-could-cut-citizens-earning-more-than-egp-7000-per-month-from-subsidy-rolls\/","url_meta":{"origin":645340,"position":1},"title":"Egypt could cut citizens earning more than EGP 7,000 per month from subsidy rolls","author":"enterpriseam admin","date":"12 November 2018","format":false,"excerpt":"Gov\u2019t could cut citizens earning more than EGP 7,000 per month from welfare rolls: There is a \u201cdirection\u201d within government to cut Egyptians earning more than EGP 7,000 per month from the nation\u2019s subsidy rolls, Supply Minister Ali El Moselhy said at a meeting with the House Legislative Committee yesterday,\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":578876,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/subsidized-bread-for-all\/","url_meta":{"origin":645340,"position":2},"title":"Subsidized bread for all","author":"enterpriseam admin","date":"17 January 2023","format":false,"excerpt":"A new scheme offering subsidized bread to all is set to launch tomorrow: People not covered by the ration card system will be able to buy bread from bakeries at cost in a trial of the new scheme that will kick off on Wednesday, Supply Minister Ali El Moselhy was\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/276.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558303,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/04\/subsidized-bread-to-rise-in-price-for-first-time-in-a-generation\/","url_meta":{"origin":645340,"position":3},"title":"Subsidized bread to rise in price for first time in a generation","author":"enterpriseam admin","date":"4 August 2021","format":false,"excerpt":"SMART POLICY- Subsidized bread prices may increase for the first time in decades, after President Abdel Fattah El Sisi raised the prospect in a speech yesterday on the sidelines of an event that marked the opening of state-owned complex that will produce meals for school children (watch, runtime: 2:11). The\u2026","rel":"","context":"In "SUBSIDIES"","block_context":{"text":"SUBSIDIES","link":"https:\/\/enterpriseam.com\/egypt\/category\/subsidies\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/81.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":645169,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/supply-ministry-to-halt-subsidizing-flour-for-subsidized-bread\/","url_meta":{"origin":645340,"position":4},"title":"Supply Ministry to halt subsidizing flour for subsidized bread","author":"enterpriseam admin","date":"13 July 2017","format":false,"excerpt":"Supply Ministry ends subsidies of flour: The Supply Ministry announcing yesterday it will stop subsidizing the flour it provides to bakeries that produce subsidized bread as of next month, and will limit its subsidy provisions to the actual bread produced, Al Masry Al Youm reports. The move is aimed at\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":573811,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/18\/egypts-supply-ministry-raises-compensation-for-subsidized-bread-bakers\/","url_meta":{"origin":645340,"position":5},"title":"Egypt\u2019s Supply Ministry raises compensation for subsidized bread bakers","author":"enterpriseam admin","date":"18 August 2020","format":false,"excerpt":"The Supply Ministry is paying bakeries a higher fee for producing subsidized bread, according to a decision seen by Al Mal. Bakeries are required to purchase the raw materials for bread, primarily subsidized flour, from millers and then receive monetary compensation from the government for the end product. 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