The Egyptian government has launched a EGP 4 billion initiative to support 10 million families on ration cards as part of a social protection package. The initiative provides additional monetary support for individuals and families struggling financially, with distribution beginning immediately.
The Egyptian government has initiated a financial support program totaling EGP 4 billion, aimed at assisting 10 million families registered on ration cards. This effort is spearheaded by Ahmed Kouchouk, the Minister of Finance, alongside Sherif Farouk, the Minister of Supply and Internal Trade, in response to a presidential directive to bolster social welfare for vulnerable citizens.
As per a joint announcement from the Ministries of Finance and Supply and Internal Trade, EGP 2 billion has been designated from the supplementary financial appropriations of the social protection strategy. The funds will facilitate an additional support of EGP 125 for individuals on single-person ration cards and EGP 250 for those on multi-person cards for March and April.
The distribution of these funds commenced today, impacting approximately 10 million families in desperate need. This initiative plays a vital role in enhancing social safety measures and alleviating economic pressures facing Egypt’s most at-risk populations.
The EGP 4 billion initiative represents a significant commitment by the Egyptian government to provide essential financial assistance to vulnerable families. By allocating resources specifically for ration card holders, the initiative aims to mitigate economic hardships and reinforce the country’s social protection framework. This timely support serves as a crucial intervention for millions of citizens enduring financial difficulty.
Original Source: www.dailynewsegypt.com
