Minimum Wage
Notably, the budget allocation for wages and workers' compensation saw a significant rise in the fiscal year 2023/2024, reaching approximately LE 470 billion
Egypt’s President Abdel Fattah El-Sisi has instructed the raising of minimum wages by 50 percent, reaching LE 6,000 starting from March, as part of an urgent social protection package.
Minimum wage has increased six times during the presidency of Abdel Fattah el-Sisi, benefiting the employees of both the government and public sectors.
Under these directives, the minimum wage for government employees is set to range between LE 3,500 and LE 10,500.
The government also decided to allocate an exceptional allowance worth LE 300 for all state workers to cope with the rising cost of living, Prime Minister Mostafa Madbouli announced in a press briefing.
The Council also agreed in its meeting today; To determine the value of the periodic increment in the amount of 3 percent of the insurance wage, i.e. LE 70 as a minimum, which is applied to all private sector establishments in a balanced manner according to the accounting financial year of each establishment.
Maait said in a TV interview that the state will continue to increase the tax collection by expanding the base of financiers and improving the collection mechanism.
The Minister of Finance stated that the cost of the increase in the wages of state employees in next year's budget represents LE 37 billion.
The wage increases for the employees working at the administrative body of the state will cost the state around LE 37 billion in total and the pensions increase will cost the state around LE 31 billion, a presidential statement read.
Radi said that the presidential decree to increase the minimum wage included 3,200 government bodies, 721 of whom have not yet got the new rise.
The president declared raising the minimum wage to LE2,000 from LE1,200.
A number of parliamentarians seek to pass a new draft law that sets a minimum wage for hundreds of thousands of janitors
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