400 billion pounds, the wages section of the new budget for the fiscal year 2022/2023, this was revealed by Minister of Finance, Dr. Mohamed Maait, while delivering the financial statement of the new budget for the year 2022/2023 in the House of Representatives.
Maait said that 400 billion pounds had been allocated to the wages section of the new budget draft, an increase of nearly 43 billion pounds over the updated estimates of the current fiscal year budget, to finance a package to improve the incomes of 4.5 million state employees, which President Abdel Fattah al-Sisi had directed, and included increasing periodic and special bonuses. And the additional incentive at an annual cost of 26 billion pounds, and early disbursement with the salaries of last April, at an additional cost of more than 7 billion pounds for the period from April to June 2022, and an increase in the personal tax exemption limit from 9 thousand pounds to 15 thousand pounds, and the total from 24 thousand pounds to 30 A thousand pounds, an increase of 25%, at an annual cost of 7 billion pounds, pointing out that 5 billion pounds have been allocated to appoint 60 thousand teachers, doctors and pharmacists and to meet other needs in various sectors of the state, and a billion pounds to conduct the movement of promotions for state workers, in addition to increasing the quality incentive for faculty members and their assistants in universities. centers, institutes and research bodies.
The minister added that 191 billion pounds have been allocated to pension funds, allowing to finance the increase in pensions at an annual cost of 38 billion pounds, and an additional cost of 8 billion pounds for the period from April to June 2022, in a manner that benefits 10 million pensioners and their beneficiaries, and allocating a billion pounds. EGP to support food commodities and a loaf of living to ensure their availability for regarding 71 million citizens, EGP 22 billion to increase beneficiaries of “Solidarity and Dignity” and “Social Security” for four million families, EGP 3.5 billion for the delivery of natural gas to regarding 1.2 million housing units, and 7.8 billion EGP 10.9 billion to finance social housing initiatives, EGP 10.9 billion for health insurance and treatment of those who are unable at the state’s expense, with the gradual expansion of the comprehensive health insurance system in the governorates, and EGP 18.5 billion for medicines and medical supplies. Hepatitis C”, “eliminating waiting lists”, raising the efficiency of hospitals, and launching the presidential initiative to increase intensive care beds and nurseries.
