President Abdel Fattah El-Sisi has urged the government to prepare for a package to improve the incomes of employees in both the public and private sectors, according to an official statement on March 2nd.
As per the presidential directives, the minimum wage for both public and private sector workers shall be increased by EGP 1,000 per month as of April 1st.
Moreover, El-Sisi directed that pensions shall be raised by 15% for beneficiaries as of April 1st.
The president also called for raising the tax exemption limit on annual income to EGP 30,000 from EGP 24,000 starting April 1st.
The directives also involved the inclusion of more financial categories granted to beneficiaries of Takaful and Karama program by 25% monthly by the beginning of April.
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