Wage
In the last quarter of the current fiscal year, LE 715.7 million has been allocated to pay the entitlements of employees within the funds and accounts, accounting for the recent increase, as stated by the Minister of Finance.
The raises will be effective starting April 1.
Awad underscored that the decision does not contravene the minimum wage.
Prime Minister Mostafa Madbouli on Tuesday issued a decision approving the minimum wage ceiling for all employees in the state bodies and the general economic authorities as of July 1.
President Abdel Fatah al-Sisi announced a number of decisions aimed at alleviating the impact of inflation on millions of citizens.
The White House promoted President Donald Trump’s tax cut plan on Friday with a forecast of faster U.S. economic expansion and wage growth.
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