Egypt has introduced a EGP 4 billion initiative to support 10 million families on ration cards, with an immediate allocation of EGP 2 billion to provide additional funds for April and March. This program is designed to alleviate financial difficulties for low-income citizens and strengthen social safety nets.
In a significant move to bolster financial support for low-income citizens, Egypt has launched a EGP 4 billion initiative aimed at assisting 10 million families registered on ration cards. This initiative was recently reviewed by Ahmed Kouchouk, the Minister of Finance, and Sherif Farouk, the Minister of Supply and Internal Trade, marking a vital aspect of the government’s broader social protection strategy.
As per the joint statement from the Ministries of Finance and Supply & Internal Trade, EGP 2 billion of this budget will be allocated from the government’s social protection budget. These funds are designated for the Ministry of Supply and Internal Trade to distribute an extra EGP 125 for every single-person ration card and EGP 250 for cards representing two or more individuals during March and April.
The disbursement of these funds is set to commence immediately, providing much-needed assistance to approximately 10 million vulnerable families. This initiative is a crucial effort aimed at enhancing social safety nets and mitigating the economic difficulties faced by Egypt’s most at-risk populations.
In summary, Egypt’s EGP 4 billion initiative is a strategic effort to provide essential financial support to 10 million families in need. By allocating EGP 2 billion for immediate disbursement, the initiative aims to alleviate the economic pressure on vulnerable citizens, thereby reinforcing social safety nets in the country. This proactive measure underscores the government’s commitment to addressing the financial hardships faced by low-income households.
Original Source: www.dailynewsegypt.com
