Egypt to Raise Food Subsidies Spending by 20% in FY 2023/24 Draft Budget
Egypt expects to raise its allocation for food subsidies by 20% and for petroleum products by 24% in the 2023-24 fiscal year, according to a draft budget approved by the cabinet on Wednesday. The budget forecasts GDP growth at 4.1% and inflation at an average rate of 16% during the…
Asharq Al-Awsat ·