ﻣﻮﻗﻊ ﺻﺪﻱ اﻟﺒﻠﺪ

Supervisor
Elham AbolFateh

Egypt

Subsides cost public treasury EGP 332 billion a year: President Al Sisi

Tuesday 12/June/2018 - 10:49 PM
Sada El Balad
Ahmed Moamar
President Al Sisi said that he always faces challenges to surmount them.
He affirmed that he seeks Egypt to get safely through the current problems.
He urges the Egyptian families to rub shoulders to come over those complicated problems.
President Al Sisi added that construction of a modern state needs sacrifices.
He assured that all people must endure.
He revealed that there is a plan to rationalize the subsides throughout the course of five years.
He revealed that subsides costs the public treasury above EGP 332 billion every year. 
The amount represents the difference between the real cost and that paid by people.
It is worth to mention that President Abdel Fattah Al Sisi attended Iftar (breaking fasting) feast of Al Ossrah Al Misryah ( the Egyptian Family) held this evening.
A constellation of senior officials، media men، chiefs of political parties، families of martyrs of the Armed Forces and Police and athletics also attended that banquet. 
President Al Sisi addressed the attendants to explain the current economic situation in Egypt.
He shed light on the plan of state to reconstruct subsides to deliver aid to those who deserve only. 
He reviewed the challenges that face the Egyptian state over the coming period. 
In the end، he the president congratulated the Egyptian peopleon Eid Al Fitr.



Comments

ads

Poll

What do you think about our new design?

What do you think about our new design?
ads