Egyptian President Abdel Fattah El-Sisi – Archyde.com
Egypt’s economy
Al-Sisi: Raising the pensions of Takaful and Karama from the first of April 2023
Today, Thursday, Egyptian President Abdel Fattah El-Sisi announced a package of measures, including an increase in the minimum wage and pensions.
The Egyptian president revealed that a package is being prepared to improve the income of workers in the state’s administrative apparatus and those with private cadres, with a minimum of 1,000 pounds per month.
The decision stipulated the following:
First: Expediting the preparation of a package to improve the income of workers in the state’s administrative apparatus and those with special cadres, as of April 1, 2023, according to which the employee’s income increases by a minimum of 1,000 pounds per month.
Second: Increasing the minimum wage for state workers, as follows:
– For the sixth degree and its equivalent, to be worth 3,500 pounds per month.
For the qualitative third degree and its equivalent, with a value of 5000 pounds per month.
– For holders of a master’s degree who are working in the country, with a value of 6000 pounds per month.
– For holders of a doctorate degree who work in the state, to be worth 7000 pounds per month.
Third: Increasing the pensions disbursed to their owners and their beneficiaries to be 15%, as of April 1, 2023.
Fourth: Raising the tax exemption limit on annual income from EGP 24,000 to EGP 30,000 annually, as of April 1, 2023.
Fifth: Increasing the financial categories granted to beneficiaries of Takaful and Karama programs by 25% per month, as of April 1, 2023.
