The package of energy subsidy cuts unveiled by the Egyptian government over the weekend is a positive first step towards tackling the country’s gaping budget deficit. Further reforms will be needed to put the public finances onto a more sustainable footing. But it is at least encouraging that the new government has acted early and boldly, which bodes well for the prospect of additional reforms.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services