Egyptian Prime Minister Mostafa Madbouly stated that "the value of the bread subsidy borne by the state amounts to 97 billion pounds, which will be increased by an additional 54 billion due to the global economic crisis and in response to public sentiment." During a press conference, he noted that "the state is operating in challenging circumstances that Egypt is aware of, and there is ongoing monitoring of public sentiment, as the government understands what citizens are enduring." He pointed out that "the state is trying to assist citizens during this critical phase, hoping it will end as soon as possible."
Commenting on the initiative to support the agricultural and industrial sectors with an interest rate set at 11%, Madbouly mentioned that "all necessary procedures to activate this initiative have been completed." He highlighted that "the Central Bank announced yesterday, Tuesday, the commencement of this initiative, which he described as very important for the industrial and agricultural sectors," explaining that "the state is keen and continues to support productive sectors and enhance social protection measures."
