How much of the egyptian budget goes toward subsidies? webtext?

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Business

Gwendolyn

29 July, 01:57

How much of the egyptian budget goes toward subsidies? webtext?

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Jay · Answer 1

One quarter of the Egyptian budget goes toward subsidies. Recently, Egypt set $18 billion for subsidies in FY 2017-18 budget.

To add, subsidy is a sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.