Egypt targets bread subsidies

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

    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.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    Heron Gate mass eviction: 'We never expected this in Canada'

    Hundreds face mass eviction in Canada's capital

    About 150 homes in one of Ottawa's most diverse and affordable communities are expected to be torn down in coming months

    I remember the day … I designed the Nigerian flag

    I remember the day … I designed the Nigerian flag

    In 1959, a year before Nigeria's independence, a 23-year-old student helped colour the country's identity.