[QODLink]
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
Email Article
Print Article
Share article
Send Feedback

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 .

155

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
Featured on Al Jazeera
Muslim volunteers face questioning and threat of arrest, while aid has been disrupted or blocked, charities say.
Six months on, outrage and sorrow over the mass schoolgirl abduction has disappeared - except for families in Nigeria.
ISIL combatants seeking an 'exit strategy' from Mideast conflict need positive reinforcement back home, analysts say.
European nation hit by a wave of Islamophobia as many young fighters join ISIL in Syria and Iraq.
Featured
Lack of child protection laws means abandoned and orphaned kids rely heavily on the care of strangers.
At least 25 tax collectors have been killed since 2012 in Mogadishu, a city awash in weapons and abject poverty.
Since she was 16-years-old, Scottish Nationalist Party's Sturgeon has strove for independence from the UK.
Armed group's ransom success with German hostages marks a re-emergence, as authorities investigate ISIL links.
Western nations are moving into the resource-rich country after decades of disinterest, challenging China's interests.
join our mailing list