Egypt Fuel-Subsidy Spending May Climb in January Quarter
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The Egyptian government’s fuel subsidies may climb to as much as 30.9 billion Egyptian pounds ($4.79 billion) in the three months beginning Jan. 1, state-run Egyptian General Petroleum Corp. Chairman Hani Dahi said.
The North African country spent 30 billion pounds on the subsidies in each of the previous quarters of the fiscal year that started on July 1, 2012, Dahi said by phone from Cairo.