CAIRO –7 February 2024: General Coordinator of Egypt's National Dialogue Diaa Rashwan said the dialogue's Board of Trustees is deeply grateful to President Abdel Fattah El Sisi for his recent decisions to adopt an urgent package of social protection measures.
In press statements on Wednesday, Rashwan said the board sees these decisions as a prominent result of the dialogue sessions on current economic issues, held at the invitation of President Sisi to discuss the measures needed to support Egyptians both socially and economically under ongoing economic difficulties, while working on building a strong, advanced, and independent national economy.
Rashwan added that the board also deems it necessary that these decisions be accompanied with decisive measures by the government and relevant bodies to ensure market control prevent and any manipulative or exploitative practices.
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.
The Presidency announced the details of the social protection package in a statement after a meeting for the president with Prime Minister Mostafa Madbouli and Minister of Finance Mohamed Maait on Wednesday.
The government has been directed to increase the monthly salaries of state workers and employees of economic bodies by at least LE 1,000-1,200, depending on their job grade.
Described as the "largest urgent social protection package," this initiative has a value of LE 180 billion, according to the Egyptian Presidency.
The social package includes a 15 percent increase in pensions for 13 million citizens, amounting to a total cost of LE 74 billion.
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