An Egyptian woman holding a ration card. File photo
The 6-month exceptional bonus was initially announced in July at EGP 100 – per month starting September – in the form of rationed commodities for neediest families of around 37 million citizens to cope with the repercussions of the global economic crisis.
In addition to neediest families, the six-month programme will cover the pensioners who make less than EGP 2,500 per month, and state employees whose monthly salaries are less than EGP 2,700, will cost the state EGP 1 billion per month, the government announced in July.
The total 64 million beneficiaries from ration cards nationwide already receive EGP 50 per person in cash to spend on subsidised bread and a list of food items to which various commodities have been recently added including vegetable ghee, flour, tahini, tuna, and jam.
El-Sisi has also ordered preparing social protection measures that would reach 1 million families during September, according to MENA’s statement on Wednesday.
Moreover, the president directed putting EGP 23 billion into the subsidised bread system and increasing the number of beneficiaries from the cash support programme Takaful and Karama (Solidarity and Dignity) to 5 million families – around 22 million citizens – instead of 4.1 million families.
In a Cabinet meeting last week, Prime Minister Madbouly said the increase in the number of beneficiaries from the Takaful and Karama programme by a total of 920,000 families will cost the state an additional EGP 3 billion.
The new budget of FY 2022/2023 includes EGP 90 billion for subsidies to foodstuffs and bread up by EGP 2 billion from the previous fiscal year, according to earlier official statements.
In mid-July, Madbouly affirmed that the government is keen to subsidise the bread system despite the “crazy” rise in wheat prices globally as a result of the Ukraine crisis.
The Egyptian state provides subsidised bread to citizens at a cost of five piastres, although it costs the state 80 piastres, up from 60 piastres, amid the rise in global wheat prices, the premier said.