The Egyptian government has initiated a program with a budget of EGP 4 billion to support 10 million families on ration cards, providing additional funds for March and April. This measure represents a critical step towards easing the financial burdens faced by low-income citizens, thereby enhancing social safety nets.
The Egyptian government has launched a significant initiative with a budget of EGP 4 billion aimed at supporting 10 million families who are registered on ration cards. This program was spearheaded by Ahmed Kouchouk, the Minister of Finance, and Sherif Farouk, the Minister of Supply and Internal Trade, following a presidential directive to enhance social aid for economically vulnerable citizens.
In a joint statement, the Ministries of Finance and Supply and Internal Trade disclosed that EGP 2 billion has been earmarked from the government’s additional financial reserves under the social protection initiative. These funds will enable the Ministry of Supply and Internal Trade to allocate an extra EGP 125 for individuals on single-person ration cards and EGP 250 for those on cards covering two or more individuals for the months of March and April.
Commencing today, the distribution of these funds will commence, directly assisting approximately 10 million families in need. This initiative represents a vital action toward enhancing social safety nets and alleviating the economic difficulties faced by the most vulnerable populations in Egypt.
The Egyptian government’s EGP 4 billion initiative to support 10 million families on ration cards reflects a strong commitment to bolstering social protection mechanisms. Allocating funds to provide additional financial support demonstrates an effort to alleviate the economic strains of low-income citizens, thereby reinforcing social safety nets during challenging times.
Original Source: www.dailynewsegypt.com
