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EGP 324.4 spending on subsidy in FY 2017/2018

The spending on subsidy in state budget reached  EGP 324.4 in fiscal year (FY) 2017/2018 compared to EGP 276.7bn in FY 2016/2017, of which EGP 81bn for ration goods and bread subsidy, according to Minister of Finance Mohamed Maiet. Maiet said that the government’s subsidy program for food commodities witnessed the largest increase in allocations …

Shaimaa Al-Aees

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