Wearing sporting gear including cycling gloves, President Abdel Fattah Al Sisi asked Egyptians on Friday to cycle and walk more to help the cash-strapped government that spends tens of billions of dollars a year on fuel subsidies.
| Check out the pic of Sisi on a Schwinn at the link. He at least looks more comfortable on a bike than Champ ever did... |
The former army chief gave one of his first speeches since last Sunday's inauguration to several hundred Egyptians on bicycles at a military college in the capital Cairo before taking part in a cycling marathon. Cyclists are rarely seen in Cairo where chaotic traffic regularly clogs up large parts of the city.
| What this all means, of course, is that Sisi knows that the country is hosed, so he's grandstanding... |
| Or he is preparing to decrease subsidies, and wants the car-owning citizenry to start thinking about what it will soon cost them out of pocket. |
Egypt spent about 170 billion Egyptian pounds ($24 billion), on energy subsidies this fiscal year ending June 30, state media quoted the government as saying this month, and plans to cut that to 104 billion next year.
Energy prices in Egypt are among the lowest in the world and although successive governments have called for subsidy reform none have dared impose big price rises for fear of unrest.
"If you use your car, you pay around 4 pounds for 20 or 25 kilometres and Egypt pays 8 pounds for those 20 kilometres," Sisi said in a speech broadcast by state media. "If 3,000 people did this (cycling) with me, how much would that be per day?"
| I dunno, but no one in your country seems to be good at math... |
Artificially low prices for electricity, butane and fuel at filling stations provide little incentive to curb consumption, despite a fuel supply crisis that causes daily blackouts. |