Egypt Spends $3 Billion A Year On Subsidies To Avoid Protests

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Published Nov 18, 2016

At 12 million tons each year, Egypt is the largest importer of wheat in the world. Most of that is used to make a common staple food; bread. Egyptians are the world's biggest consumers of this basic food item, and to ensure there's no shortage of it, the government is spending around $3 B a year in subsidies. As Yasser Hakim reports, that's the largest subsidy for any single product.