Egypt's Ministry of Supply and Internal Trade has announced that it will launch a cash support system in El-Beira Governorate on a trial basis. The decision was made in accordance with directives from the Prime Minister's Office and in coordination with the Minister of Supply and Internal Trade, Dr. Sherif Farouk. El-Beira Governorate was chosen due to its large population.
According to a source at the Ministry of Supply and Internal Trade, the decision to choose El-Beira Governorate for the trial run was made after careful consideration. The ministry will review the details and value of the cash support during the coming days. Several meetings will be held with various sectors to discuss the mechanisms of implementing the system and determining the procedures that will regulate it.
Dr. Sherif Farouk, Minister of Supply and Internal Trade, stated that the trial run in El-Beira Governorate is part of the government's efforts to improve the targeting of subsidies. The minister added that the experience is expected to start in January next year, and the necessary preparations are currently underway. The ministry aims to evaluate the trial run and assess its feasibility.
The Ministry of Supply and Internal Trade is working on implementing two main tasks, as per the directives issued by the "Egypt 2026" forum. The first task involves ensuring that the strategic reserve of basic goods does not fall below six months. The minister reported that the ministry is working closely with the "Egypt 2026" agency to ensure the availability of a safe stock of various goods throughout the year.
The second task involves launching a cash support system in one of the governorates as a pilot experiment. This is in line with the directives of the President to improve the targeting of subsidies. The ministry aims to assess the experiment and determine the best approach for its implementation.
The Egyptian government has been working to improve the efficiency of its subsidy system. The current subsidy system has been criticized for being inefficient and benefiting those who do not need it. The government aims to target subsidies to those who are most in need.
The launch of the cash support system in El-Beira Governorate is a significant step towards improving the targeting of subsidies in Egypt. The ministry's efforts to evaluate the trial run and assess its feasibility will be crucial in determining the success of the new subsidy system.
Key points
- The Egyptian Ministry of Supply and Internal Trade will launch a cash support system in El-Beira Governorate on a trial basis, starting January next year.
- The decision to choose El-Beira Governorate was made in accordance with directives from the Prime Minister's Office and in coordination with the Minister of Supply and Internal Trade.
- The ministry aims to evaluate the trial run and assess its feasibility before deciding on a wider rollout.
