Egypt moves to secure strategic stocks, enhance subsidy governance

Prime Minister Moustafa Madbouly met Finance Minister Ahmed Kouchouk and Supply Minister Sherif Farouk, along with other officials, to assess the availability of essential goods and efforts to improve governance of state support programs.

Madbouly stressed the importance of close coordination between ministries to monitor strategic stock levels, particularly amid ongoing regional tensions and disruptions to global supply chains. He said pre-emptive government measures had helped secure sufficient reserves of basic commodities for several months.

He also noted that global crises have led many countries to rationalise spending, adding that Egypt is pursuing additional reforms to improve subsidy targeting and ensure support is directed to eligible households.

Supply Minister Sherif Farouk said the government is working to ensure the availability of essential goods in adequate quantities and at stable prices through coordination with relevant authorities. He added that strategic reserves of key commodities remain sufficient for extended periods, in line with presidential directives.

He said market monitoring efforts are ongoing to help stabilise prices and prevent irregular practices.

The meeting also reviewed measures aimed at improving efficiency in the subsidy system and ensuring better allocation of public resources to targeted groups.