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Middle East

Egypt targets bread subsidies

As post-revolution economy continues to struggle, the government plans to end long-running subsidies on bread.

Last Modified: 28 Mar 2013 00:56
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With around 40 percent of the people in Egypt living on $2 a day or less, cheap bread is a social subsidy this country still cannot function without.

There are many people in Egypt who do live on bread alone some days and very little more.

Egypt's economy after the revolution has fallen into deep trouble, as prices for all the basics are up and unemployment is rising, so is poverty.

The Egyptian government is running out of money, seeking a loan from the International Monetary Fund, and planning to make cuts, including rationing public bread.

Al Jazeera's Anita McNaught reports from Cairo.

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Al Jazeera
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