AreaEgypt

Commodity GroupGrains

CommodityWheat

Date19/03/2024

Policy CategoryOther

Policy InstrumentFood security

DescriptionAnnounced the allocation of more than EGP 125 billion (USD 2.9 billion) for bread subsidies in its 2024/2025 state budget. A total of EGP 596 billion (USD 13.3 billion) was designated for social welfare initiatives, with EGP 134 billion (USD 3 billion) earmarked specifically for food subsidies.