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
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
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
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
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
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