date:Jun 26, 2014
yptians to buy only as much subsidised bread as they need, helping reduce spending on wheat, of which Egypt is the world's top importer.
Subsidies of bread and energy products have traditionally eaten up around a quarter of Egypt's budget, which is forecast to end the current fiscal year on June 30 in deficit to the tune of 12 percent of economic output.
Officials say wheat consumption is kept artificially high in part by citizens who purchase subsidised loaves for the equivalent of one U.S. c