Egypt is increasing public sector minimum wages to EGP 7,000 per month, part of a larger EGP 200 billion social support package unveiled by Prime Minister Mostafa Madbouly. The package includes pension increases, financial assistance for families, and support for local farmers, all aimed at mitigating the rising cost of living.
Egypt has announced an increase in minimum wages for public sector employees to EGP 7,000 (approximately $139) per month, effective from July. This wage hike aligns with a similar increase that has recently taken effect in the private sector. The raise is part of a broader social support package valued at EGP 200 billion (around $4 billion), as reported by local media outlets.
The substantial social support package introduced by Egypt aims to alleviate the financial burden on citizens amid rising living costs. With increased wages and additional financial assistance for families, the government is taking significant steps to provide economic stability during challenging times.
Original Source: www.agbi.com
