The Ministry of Economy is moving to rationalize subsidies on flour for the bread industry in preparation for its complete halt, which will automatically lead to a rise in the price of a bundle of bread and is likely to double its price. Economy Minister Amin Salam considers that “the old subsidy policy adopted by the previous government was unsound and was carried out in a “random” manner and in the absence of transparency. In the end, support in the absence of oversight and in light of smuggling and uncontrolled borders turns into a theft and depletion of the reserves of the Banque du Liban, pointing out that a new policy he adopts will lead to To gradually lift subsidies on bread, provided that this is accompanied by direct support for the poorest classes through financing cards that enable them to benefit from specific amounts of money.In a statement to Asharq Al-Awsat newspaper, Salam referred to a program that he was able to secure from the World Bank that provides a $150 million loan to Lebanon to secure flour for bread for at least 18 months, provided that during this period the bank will help the Lebanese administration to organize itself and develop competencies that play a supervisory role. Active addition to scheduling and distributing wheat and flour accounts for bakeries and ovens.

By sarah

Sarah Othman, biochemistry student, holds a master's degree 1 from the Lebanese University. Seeking to obtain a second degree in the field of informatics. She works in the media field at Rahal Global News. Interested in cultural, artistic and news matters. A teacher in a school, and a private teacher . Holding laboratory experience in a government hospital and in private laboratories.