Egyptian Prime Minister Mostafa Madbouly revealed the approval of a new social protection package worth 67 billion pounds, which includes raising the minimum wage to 3,000 pounds per month.
After a government meeting, Madbouly pointed out "The new package of measures includes raising the minimum wage for government workers from 2,700 to 3,000 pounds." Noting that "an exceptional allowance was also approved for all state workers and pensioners, and it was agreed to provide financial support to families on ration cards until next June 30, with no increase in electricity prices until that date."
Madbouly clarified that "the new procedures include disbursing financial support to troubled companies due to the current crisis, provided that workers are not laid off, in addition to approving an exceptional premium to confront the high costs of all state workers, its subsidiaries and pensioners at an amount of 300 pounds." Pointing out that "it was decided to raise the tax exemption limit from 24 thousand pounds to 30 thousand pounds per person per year."
The approval of the new package of measures comes after Egyptian President Abdel Fattah El-Sisi issued directives not to burden citizens with additional burdens during the coming period, given the global economic conditions.
Source (Al-Arabiya.net Website, Edited)
