I wonder what surprise the government is preparing regarding cash support, what is the cash support and when will it be implemented, and will all people benefit from it or who exactly? We will tell you all the details in this video, so stay tuned until the end.
Many people now want to know what cash support is, especially after the statements of the Minister of Supply regarding the structuring of the support system, and the ministry’s intention to switch to cash support, because of its many benefits, whether for the citizen or the government.
But cash support primarily ensures that support reaches those who deserve it, especially in light of discussions within the National Dialogue regarding agreeing to switch from in-kind support, which is the supplies you receive every month, to cash support, which is where you take money instead of food supplies.
Therefore, if the government implements cash support, it will reduce the chances of corruption associated with the distribution of food supplies, because the money will be transferred directly to you, rather than food supplies cheating you on some goods.
What is the application date?
Look, sir, the Minister of Supply, Dr. Sherif Farouk, said that the implementation of the new cash support system will begin gradually at the beginning of the fiscal year 2025, and this is after the completion of field experiments. Kamam said that the government is now seeking to achieve a balance between meeting the needs of citizens and ensuring the sustainability of the economic system, including… It is in line with Egypt’s 2030 vision for sustainable development.
As for Dr. Fakhri Al-Feki, Chairman of the Planning and Budget Committee in the House of Representatives, he stressed that cash support is more governed than in-kind support, because the support is distributed to the eligible person directly without spending outside the system.
In terms of numbers, we have 98 billion pounds in the value of subsidizing bread in the general budget for the current fiscal year, most of which is 90 billion pounds to subsidize a loaf of bread, in addition to about 2.5 billion pounds at points where the citizen does not get all the bread on the ration card, because the bread is provided on The ration card earns points worth 10 piasters, which in itself is support.
Based on these words, if we divide 98 billion pounds, the value of bread subsidies, among the 70 million citizens eligible for support, each individual will receive 1,400 pounds per year, and if we divide 1,400 pounds over 12 months, each individual will receive 100 pounds, even if there is a ration card with 4 people in it. The whole family will receive 400 pounds.
In the event of switching from in-kind support to cash support, if each individual receives oil and sugar on the ration card worth 50 pounds, in the new system each individual will receive cash support worth 200 pounds, and if a family of 4 members, the entire family will receive cash support worth 200 pounds. 800 pounds.
We can say that the mechanism for switching from in-kind support to cash on the ration card and the value of the cash support will be left to the National Dialogue Administration to determine whether to implement it or not, and it will be in coordination with the government, in order to reach the best option for the citizen, so that the support simply reaches all those who are eligible.
In the end, we will tell you, dear viewer, the advantages of cash support, the first of which is reducing the chances of corruption associated with the distribution of goods, as well as the aid reaching the deserving groups directly, and preventing the risk of leakage in the in-kind support system.
In addition to this, cash support is distinguished by giving citizens multiple options when purchasing the goods they want, meaning with the money you will buy what you want, and all of this will achieve social justice and enhance the financial stability of the state, and reduce the burden on it, and not only that, this will also ensure that support reaches families. Most in need.
