Cabinet denies rumors on fuel prices, health sector, bread susbidy – Egypttoday

Cabinet denies rumors on fuel prices, health sector, bread susbidy – Egypttoday

CAIRO - 2 July 2020: The media center of the cabinet denied on Thursday a number of media reports on bread subsidy, taxes on bank deposits, health sector, agricultural products and endowment.

No hike in fuel prices

The Cabinet dismissed reports about planned hikes in gasoline and diesel prices, following the approval of amendments to a law on the state's financial resources development fees.

The Cabinet Media Center in a statement issued Thursday said, it contacted the Ministry of Finance and the Ministry of Petroleum and Mineral Resources in this regard and they both affirmed that there is no planned increase in fuel prices.

The report called on all media outlets to verify the authenticity of all news reports before publishing them, in order not to stir public opinion.

No taxes to be levied on bank deposits

The reports claimed that the Finance Ministry will levy taxes on Egyptians' deposits in banks in a bid to ease the negative repercussions of the coronavirus epidemic on the national economy.

The center said it contacted the ministry that dismissed as groundless such reports, saying it has no plans to impose taxes on bank deposits or interests of savings certificates.

The ministry also made clear