Egyptian president raises wages of public employees, pensions

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Thu, 02 Mar 2023 - 03:07 GMT

BY

Thu, 02 Mar 2023 - 03:07 GMT

FILE - President Abdel Fatah Al-Sisi

FILE - President Abdel Fatah Al-Sisi

CAIRO – 2 March 2023: President Abdel Fatah al-Sisi announced Thursday, while inaugurating projects in Upper Egypt's Menya, a bundle of raises for public employees, pensioners, and beneficiaries of the monetary subsidies programme, and that will be effective starting April 1.

 

President Sisi instructed raising the salaries of public employees with the monthly minimum of the raise being LE1,000. Further, the minimum wage for public employees will be LE3,500, while that of master’s and PhD holders at public institutions will be LE6,000 and LE7,000, respectively.

 

The president also decided to raise the maximum amount of tax-exempted annual income to LE30,000 up from LE24,000. On the other hand, pensions will increase by 15 percent, and monetary subsidies disbursed within Takaful w Karama will go up by 25 percent.

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