Egypt plans to lower inflation below 10% by 2025

Posted on January 8, 2024   |  

Egypt's government targets reducing inflation to below 10% in 2025 as part of its economic plans.

Ongoing economic reforms in Egypt aim to strengthen the economy against global shocks.

To support these reforms, the government is providing EGP 342 billion from the public treasury to subsidize 5 commodities and services, a substantial increase from EGP 100 billion two years ago.

Recent adjustments in electricity tariffs are expected to decrease losses in the sector to EGP 75 billion from EGP 90 billion.

The Ministry of Electricity and Renewable Energy has recently increased household electricity tariffs by up to 20%.