In a recent announcement on Wednesday, Egypt’s President Abdel Fattah al-Sisi introduced a comprehensive set of measures aimed at alleviating economic pressures. The key components of the package include:
- A 50% increase in the minimum wage, reaching EGP6,000 per month.
- Wage hikes for public servants and employees in economic entities, ranging from EGP1,000 to EGP1,200, depending on their grade.
- A 10% bonus for individuals covered by the Civil Service Law and a 15% bonus for those not covered, with a minimum of EGP150, totaling EGP11 billion.
- An additional bonus, starting from EGP500 for grade 6 employees and increasing by EGP50 for each subsequent grade, up to EGP900 for the excellent grade. The total cost of this measure is EGP37.5 billion.
- The allocation of EGP6 billion for the hiring of 120,000 civil servants.
In addition to the wage increase packages, the measures include various tax exemptions. For more details, visit the official Facebook page: https://www.facebook.com/Egy.Pres.Spokesman/?locale=ar_AR
