News Analysis: Egypt enacts unprecedented cut on bread subsidy to reduce budget deficit

by Marwa Yahya

CAIRO, June 8 (Xinhua) -- The Egyptian government has quadrupled the subsidized price for traditional flatbread to 0.2 Egyptian pounds (about 0.0042 U.S. dollars) nationwide since June 1, the first such move in three decades to alleviate the heavily strained public budget.