Egypt’s Finance Minister Ahmed Kouchouk announced on Wednesday that the minimum wage for public sector workers will increase to 7,000 Egyptian pounds ($138.50) per month starting July.
This adjustment aims to align the public sector’s minimum wage with that of the private sector, established in early February.
The wage increase is part of a broader social protection initiative worth 80-85 billion Egyptian pounds ($1.6-$1.7 billion), set to commence with the new fiscal year in July.
Additionally, a temporary relief package valued at 35-40 billion Egyptian pounds ($692-791 million) will be implemented from March to June, targeting support for 10 million vulnerable families.
Egypt has been grappling with soaring inflation, which reached 24% year-on-year in January, and a chronic shortage of foreign currency.
The country is seeking an $8 billion loan from the International Monetary Fund (IMF) to stabilize its economy.
