ArabFinance: Egypt’s President Abdel Fattah Al-Sisi ordered raising the minimum wage by 12.5% to EGP 2,700 instead of EGP 2,400.

The decision came after a budget meeting the president had on Tuesday with Prime Minister Mostafa Madbouly and finance minister Mohammed Maait to finalize the national budget for the fiscal year 2022/2023.

In addition to increasing the minimum wage for public sector employees, El Sisi said he has allocated EGP 8 billion from next year’s budget to raise the wages of the country’s civil servants by up to 13%.

Moreover, additional incentives for the country’s civil servants would be increased by EGP 18 billion.

The President also approved two bonuses at a cost of about EGP 8 billion. The first is a periodic bonus for employees addressed by the civil service law at 7% of the job wage, and the second is a special bonus for workers not addressed by the civil service law at 13% of the basic salary.

On the other hand, El Sisi ordered appointing 30,000 teachers annually for a period of 5 years in order to meet the needs of the education sector.

Copyright © 2022 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.