What do the rich people of Egypt, who are against 30/6, think of this: "Egypt has been able to avoid making hard choices. In particular, it has been able to sustain a bloated subsidy regime — mostly devoted to fuel and wheat — that eats up as much as 25 percent of total state expenditures and overwhelmingly benefits rich urban residents. A recent African Development Bank report estimates that in urban areas, more than 90 percent of gasoline subsidies go to the top 40 percent of the population."
Posted on: Thu, 08 Aug 2013 13:31:24 +0000
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