Egypt to increase salaries and pensions on 1 July: PM Madbouly - Economy
Egypt's Prime Minister Mostafa Madbouly announced Thursday that salaries and pensions will increase on 1 July as part of a new social protection package to be presented soon to President Abdel-Fattah El-Sisi.
The PM announced the news at the weekly cabinet press conference following the cabinet meeting at the New Administrative Capital.
The PM explained that the social protection package would be implemented in two phases.
The first phase would start in March at the beginning of the holy month of Ramadan.
The second comprises increasing salaries and pensions, set to take effect on 1 July.
In January, El-Sisi directed the government to introduce a new social protection package in 2025 to help citizens meet the cost of living.
During the presser, PM Madbouly added that the National Wages Council (NWC) is monitoring the implementation mechanisms of the new minimum wage in the private sector.
Earlier this week, the NWC raised the minimum wage for private sector workers to EGP 7,000, effective 1 March.
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