Egypt earmarked around LE 105 billion for energy subsidies in the 2018-2019 balance sheet, according to a statement on the balance sheet.
Fuel subsidies stood at LE 89 billion in 2018-2019 balance sheet, down 19% in comparison with the 2017-2018 balance sheet, read the statement.
said the government is implementing a comprehensive plan for developing the
energy sector and improving financial conditions.
underlined the importance of re-pricing fuel and rationalizing energy subsidies.
said subsidies for medicine and formula stood at LE 1 billion.
Water subsidies stood
at LE 1 billion, the same amount allocated in the 2017-2018 balance sheet.