Dubai, United Arab Emirates (CNN) – The Egyptian presidential spokesman, Counselor Ahmed Fahmy, announced, Thursday, that President Abdel Fattah El-Sisi has directed an increase in pensions and wages for state workers and an increase in the tax exemption limit.
The presidential spokesperson said, on his Facebook page, that Al-Sisi “directed the acceleration of preparing 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 ($32.5) per month.”
He added that the Egyptian President directed an increase in the minimum wage for state workers, as follows:
For the sixth degree and its equivalent, it will be worth 3,500 pounds per month.
For the qualitative third degree and its equivalent, to be worth 5000 pounds per month.
– For holders of a master’s degree who work in the country, to be worth 6000 pounds per month.
– For holders of a doctoral degree who work in the country, to be worth 7000 pounds per month.
It was also decided to increase the pensions disbursed to their owners and their beneficiaries, to be 15%, as of April 1, 2023, according to a statement by the Egyptian Presidency Spokesman.
The Egyptian President also decided to raise the tax exemption limit on annual income from EGP 24,000 to EGP 30,000 annually, as well as increase the financial categories granted to beneficiaries of Takaful and Karama programs by 25% per month, as of April 1, 2023.