Subsides
Algeria’s government is looking at reforms to its subsidy system as it seeks to eliminate the state budget deficit within about three to four years.
Egypt’s inflation is predicted to drop to 10 to 13 percent by the end of the year, Finance Minister Amr el-Garhy said Saturday.
Minister of Supply Ali el-Meselhi held a meeting with the chairman of the Federation of Egyptian Chambers of Commerce, Ahmed el-Wakil.
Egypt has reduced the subsidies on electricity to LE 20 billion ($1.17 billion) and will totally remove them in a 5-year term.