Bakeries Delaying Subsidised Bread Cost Payments to Be Penalised

Bakeries operating with natural gas and failing to pay the differences in bread production will be penalised, according to an announcement by the General Authority for Supply Commodities (GASC).

Bakeries that do not adhere to their scheduled payments will now face a penalty of 25% on all their outstanding debts. Interest penalties aside, non-compliant bakeries will also have their subsidised bread quota reduced by 25%.

The GASC has stated that they have compiled an official list of bakeries that have yet to make their payments and have distributed said list to directorates nationwide. Over two-thirds of Egyptian families benefit from the bread subsidy in the country.