Prime Minister Moustafa Madbouly affirmed that efforts to develop the cash-based commodity subsidy system represent one of the most important modern reform tools adopted by many countries around the world, either fully or gradually, with the aim of promoting social justice and giving citizens greater freedom to choose according to their actual needs.
Madbouly made the remarks on Wednesday while following up on efforts to develop the cash-based commodity subsidy system at a meeting attended by Finance Minister Ahmed Kouchouk, Supply and Internal Trade Minister Sherif Farouk, and officials from the two ministries and other relevant authorities.
The supply minister reviewed several ongoing areas of work under the new cash-based commodity subsidy system, stressing that it aims to improve the mechanism for providing subsidies to eligible beneficiaries, expand the choices available to eligible families, and enhance the efficiency of the system, rather than reduce the value of subsidies.
He explained that key features of the new system include expanding the list of goods available to citizens so that it is not limited to the basic commodities currently provided, such as cooking oil, sugar and pasta, but also includes a wider range of food products, including meat, grains, tea, milk, lentils, eggs, beans and poultry, among other basic commodities.
Farouk explained that developing the subsidy delivery mechanism is intended to address some of the challenges associated with the current in-kind system, including limited choices and rates of waste and leakage. He noted that under the new system, citizens will receive the actual value of the commodities they are entitled to, giving them greater purchasing power to meet their needs.
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