Saturday 23 August 2014
 
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food subsidy

Egypt expanding efforts to ease food subsidy costs

Egypt is expanding its use of modern technology to tackle decades-old problems of corruption and waste in its costly food subsidies system as the government pursues reforms to ease the strain on state finances. Supplies Minister K

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Rupee hits new low despite govt pledge

The Indian rupee hit a record low and shares slumped on Tuesday after parliament's approval of a $20 billion plan to provide cheap grain to the poor renewed doubts about the government's resolve to control spending ahead of elections d

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Egypt inches towards food subsidy reform

Egypt, once the breadbasket of the ancient Roman empire and now the world's biggest wheat importer, is paying a hefty price to keep its citizens fed with cheap loaves and other foodstuffs, said experts. The $5.5 billion which it spends

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Bahrain allocates $97m for food subsidy

The Bahrain government has earmarked a massive BD36.5 million ($96.7 million) to continue subsidising red meat and flour for 2009-2010, said Industry and Commerce Minister Dr Hassan Fakhro. He revealed the figures while chairing a key meet

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Kuwait mulls raising food subsidies

The Kuwaiti government is considering increasing subsidies on basic food items as part of efforts to contain record inflation in the Gulf Arab state, a government official said. The Ministry of Commerce and Industry held talks with the hea

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Saudi to spend $3bn on food subsidies

Saudi Arabia will spend more than SR12 billion ($3.204 million)  in subsidising food prices, on top of an estimated SR7.9 billion in indirect subsidies, such as water, electricity etc., according to an analyst. Budgeted subsidies are

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