2023-10-05 02:30:00
Written by Medhat Wahba Thursday, October 05, 2023 05:30 AM
Within the framework of working to improve income for owners Pensions As of the beginning of 2023, the National Social Insurance Authority began raising the minimum insurance subscription wage to be 1,700 pounds instead of 1,400 pounds. It also raised the maximum insurance subscription wage to be 10,900 pounds instead of 9,400 pounds.
The decision to raise the minimum and maximum limits for the insurance subscription wage comes in implementation of the provisions of the new Insurance and Pensions Law promulgated by Law No. 148 of 2019, which included an annual mechanism to increase these two limits, within the framework of implementing the axes of reforming the social insurance system with the aim of improving the value of the insured’s pensions upon the end of their service and entitlement to a pension. .
The social protection file has received the attention of President Abdel Fattah El-Sisi over the past 9 years, and the government has implemented many decisions to benefit the citizen in general and the families most cared for in particular. Pensions have increased significantly over the past years, as the size of pensions in the fiscal year was 2013-2014 does not exceed 86.5 billion pounds, rising to 340 billion pounds by June 30, 2023.
Over the course of 3 days, the “Story of a Homeland” conference presented what was accomplished over 9 years in many sectors, most notably: 91.5 billion pounds, the cost of 1,135 projects that were and are being implemented to establish, develop, and raise the efficiency of hospitals, health units, family medicine centers, and develop the ambulance system. The total cost amounted to The ongoing projects and initiatives that were implemented in the health sector over 9 years amounted to 246 billion pounds, and 500 million dollars worth of support for the implementation of the comprehensive national strategy for developing pre-university education in Egypt. An increase in the budget for higher education and scientific research was also approved, with an increase equivalent to 112%, at a value of 52.5 billion pounds. During the past five years, there were 96 universities, which is the total number of universities in 2023, compared to 50 universities in 2014, while the total cost of ongoing projects that were implemented in the culture sector during 9 years reached 2 billion pounds.
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