After the investigations ended, it was found that the subsidisation
ratio is a mere 0.
The government announced that it will stop subsidisation
, including the one provided for factories.
The problem with Egypt's subsidisation
of the food and energy sectors does not only lie in the expensive bill that results--which at present is nearly one-quarter of our country's fiscal budget--but also in the undervalued market prices of subsidised products which often leads to overconsumption and a significant amount of food being wasted.
Usaasa will get R220m for the subsidisation
of the set-top boxes to allow the poor to receive digital television.
It also said the threat of handset subsidisation
will reduce as converged mobile phone/portable music players increasingly offer enough storage and function capabilities to enable the replacement of both devices at a comparable price.
Egyptian negotiators with the International Monetary Fund (IMF) must insist on a gradual implementation of the reduction in petroleum products subsidisation
and the Egyptian pound devaluation in order to avoid social tension and anger from citizens, according to former Minister of Finance Samir Radwan.
A big problem faced by the fertilisers industry has been a massive subsidisation
by the state.
Other measures proposed were the reduction of electricity rates paid by hotels, the subsidisation
of flights from specific destinations and the lowering of airport charges.
Al-Garhy said: "Al-Sisi's government made bold decisions, including, opening the door for private sector to produce and import gas as well as restructuring subsidisation
, no one can deny that.