File - An Egyptian bread vendor rides his bicycle under a giant banner supporting presidential hopeful Abdel-Fattah el-Sissi, the country's former military chief, in Cairo, Egypt, Friday, April 18, 2014. (AP Photo/Amr Nabil)
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Egypt is receiving aid only in the form of oil products from Saudi Arabia at present, but wealthy Arab neighbors would not stand by if further assistance was needed, Finance Minister Hany Kadry Dimian said Friday.Egypt has been making ends meet largely with the help of billions of dollars from Gulf states, but the United Arab Emirates said this week it was unlikely to disburse more aid.The country could introduce an additional 5 percent tax rate on high-income earners and also hopes that a value-added tax will be fully in place by next March to help improve budget finances, Dimian said.Dimian said the government was under pressure to cut energy and food subsidies, which eat up a quarter of the state's budget, and expected its subsidy bill to be reduced by 20 percent in 2014-15 .
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