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Counting the Cost

El-Sisi's big subsidies gamble

What are the president's plans to get Egypt's finances in order?

Last updated: 12 Jul 2014 14:44
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Without billions of dollars from the Gulf region Egypt would be bankrupt. The country has finally faced up to its economic problems by eliminating subsidies, but as a result, fuel prices rose as much as 78 percent. 

How will the people cope with reduced subsidies? And how long will the billions from the Gulf keep saving the economy from bankruptcy?

Counting the Cost examines President El-Sisi's plans to get the country's finances in order.

Watch each week at the following times GMT: Friday: 2230; Saturday: 0930; Sunday: 0330; Monday: 1630.  Click here  for more  Counting the Cost .    


Follow Kamahl Santamaria  @KamahlAJE  and business editor Abid Ali  @abidoliverali .

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Source:
Al Jazeera
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