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Editor in Chief Mohamed Wadie

Egypt raises price of subsidized bread loaf to 20 piastres


Wed 29 May 2024 | 04:08 PM
Egypt raises price of subsidized bread loaf to 20 piastres
Egypt raises price of subsidized bread loaf to 20 piastres
Basant Ahmed

Dr. Mostafa Madbouly, Prime Minister, said that the cabinet discussed a number of important files, including the subsidy system, reducing the financial burdens borne by the state and ensuring that subsidy reaches those who deserve it.

He explained in a press conference that he listened to all opinions, stressing that the state is committed to providing subsidy, especially to basic goods that affect the citizen.

He said that the cabinet discussed the subsidized bread system, which has not been changed for more than 30 years, explaining that the cost of a loaf of bread is one and a quarter pound and the state sells it for 5 piastres. 

The Prime Minister said that it was approved today, Wednesday, to raise the price of a loaf of subsidized bread to 20 piastres, starting from the first of next June.