Egypt’s President Abdel Fattah Al-Sisi ordered the government on Tuesday to raise the minimum wage to EGP 2,700 and to appoint 30,000 teachers annually for a period of 5 years in order to meet the needs of the education sector.
During a meeting with Prime Minister Mostafa Madbouly and Minister of Finance Mohamed Maait, the president directed the government to provide additional incentives to teachers, bringing the total of the incentives to about EGP 3.1bn.
Bassam Rady, the Official Spokesperson for the Presidency, stated that the meeting dealt with a review of the draft budget for FY2022/23. It also included approving two bonuses at a cost of about EGP 8bn.
The first is a periodic bonus for employees addressed by the civil service law at 7% of the job wage, and the second is a special bonus for workers not addressed by the civil service law at 13% of the basic salary.
It also included increasing the additional incentive for both those addressed by the civil service law at a total cost of about EGP 18bn and allocating an amount of EGP 1.5bn to finance the additional quality incentive for faculty members and their assistants in universities, centres, institutes, and research bodies, as well as financing the implementation of the new law on the salaries of full-time professors.
During the meeting, Maait presented the most prominent objectives of the draft budget for FY2022/23, which seeks to reduce the total deficit to about 6.3% of GDP, continue to achieve a primary surplus of 1.5% of GDP, and reduce the proportion of the debt of the public budget bodies to the GDP, as well as increase the wages item to about EGP 400bn.
