Egypt government prepares social protection package to absorb effects of price increases ...Egypt

The Egyptian government is about to complete the preparation of a new stimulus package providing social protection for citizens, especially the groups most affected by the price increases and the rise in local inflation. Government sources said that Ministry of Finance has prepared scenarios in this regard but did not mention the size of its cost. It confirmed that it will not impose more burdens on the state’s general budget in financing. The sources added that intervention is a duty on the state to face the repercussions of the effects of the price increase through measures that are currently being carefully studied, and the government is about to issue them. Exceptional measures were rece

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