Egypt announced raising the salaries of all employees in the administrative apparatus by a total of 37 billion pounds, and raising the minimum wage to 2,400 pounds.

The draft budget for the next fiscal year 2021-2022 was announced, which included an increase in the salaries of all Employees of the state’s administrative apparatus.

The budget included the approval of two premiums at a cost of about 7.5 One billion pounds, and an increase in the additional incentive at a total cost of about 17 billion pounds.

The decisions also included the promotion of employees who meet the promotion requirements on June 30, 2021.

The Minister of Finance, Mohamed Maait, reviewed the budget. The next fiscal year, which included a growth of 9% over the current year’s estimates, aims to reduce the overall deficit to about 6.6% of GDP, achieve a primary surplus of 1.5% of GDP, and continue to maintain debt rates.

Maait also indicated that the budget seeks to continue efforts to maintain balanced financial stability in light of the repercussions of the Corona pandemic, and efforts to support and stimulate economic activity without prejudice to the sustainability of budget and debt indicators.

The budget estimates aim to maintain the sustainability of discipline. Alma Li and government debt, supporting economic activity, especially industry and export activities, pushing social protection efforts and improving the citizen’s standard of living, and focusing on pushing human development activities, especially health and education, through several steps, the most important of which is allocating EGP 2.1 billion to finance the first year of the national project to replace The budget continues to focus on developing the education and health system, including taking the necessary measures to improve the financial conditions of teachers and doctors, as well as continuing support provided to the industrial and export sectors.

The budget review included developments in the development of the tax system, accelerating the completion of projects for digital transformation and system governance, and completing them before the end of the next fiscal year.

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