In conjunction with the surge in prices witnessed in Egypt, Ibrahim Mahlab coup government is preparing to announce a new wave of energy while reducing the cost of support for him, coinciding with the rise in food prices between Egyptians.
Reduction of energy subsidies
فقد أعلن الدكتور أشرف العربي، وزير التخطيط والمتابعة والإصلاح الإداري، أن الحكومة مضطرة لتخفيض قيمة دعم الطاقة فى العام المالي المقبل الذى يبدأ أول يوليو.، مكدًا أن حكومته لن تتراجع عن استكمال خطة خفض دعم الطاقة تدريجياً بنسبة 10% Per year, to reach a value of support to 60 Billion pounds, instead of 105.6 Billion in the current budget.
It is expected the announcement of the new prices in the first quarter of next fiscal year, no one in July, August and September months.
Get rid of support
The Minister of Investment during his conference at the Ministry of Planning on the need to get rid of the support, and said that the announcement of the features of the economic and social development plan for the fiscal year 2015/2016: “Country Mesh Hatkdm only to gradually get rid of the support, and we are forced reduce the current public support and necessary Atkhvd”.
He added that the government is focused on smart cards as a quick fix to adjust the support system of petroleum products, which will begin work by the middle of next month, without specifying the quantities.
وأفادت مصادر بأن الحكومة تحيط موعد تطبيق الأسعار الجديدة للوقود بالسرية التامة وستعلن عنها بشكل مفاجئ فى أحد أيام الربع الأول من العام المالى المقبل، حتى تتجنب أى اضطرابات فى الأسواق قد تنتج عن الإعلان المسبق عن القرار.
She emphasized that the move prices a sovereign decision will be announced soon after the application of smart cards system, which will determine the amount of fuel eligible for support.
Gasoline rising from 50 to 60 Piasters
Government sources said the Egyptian newspapers close to the government, that increase “Gasoline 92” In the range of 40 And 60 pounds on the current price at which a 260 Piasters per liter, an increase 30 Piasters for gasoline “80”, Which has a current price 180 Piasters, and raise the price of a liter of diesel to 2 Pounds instead of the current price 180 Piasters.
The sources pointed out that the Ministry of Petroleum and asked “Finance” To gain 90 Billion pounds in the new budget for next fiscal year to meet the needs of local markets of petroleum products, at a time when the government is seeking to reduce the figure to 70 Only billion pounds, but the Ministry of Petroleum and insisted on its position.
Hue “Arabi” The economic and social development plan for the fiscal year 2015/2016 Aimed at raising the growth rate to 5% Compared to the expected growth rate 4% During the current fiscal year, in addition to attracting foreign direct investment next year by about 10 Billion, and it will focus on major national projects.
He added: “We have a financing gap of about 5% Of GDP target covered investments, grants and soft loans”.