So a significant portion—EGP85 billion—of the State subsidy that made the daily life of Egyptians tolerable and their State budget intolerable has been lifted. Prices spiralled almost out of control, and the pain of swallowing the bitter pill of serious economic reform is biting
That much is all-too-obvious in Egypt, but what is not so obvious is what the funds freed into the budget will be used for. It would be agonising for Egyptians should they find out that their sacrifice has been poured down the drain
