Egypt expects to save $614mln after recent electricity price increase

The government raised household electricity prices recently by a range from 14.5% to 50%

Staff Writer, Arab Finance

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Arab Finance: The Egyptian government anticipates saving around EGP 30 billion in the state budget for the current fiscal year (FY) 2024/2025, a government official told Asharq Business.

The official’s comments come after the government had recently increased the electricity price brackets.

The government raised household electricity prices recently by a range from 14.5% to 50%.

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