Finance Minister announces details of social protection package to public employees

Egypt’s Ministry of Finance Mohamed Maait has announced the details of the EGP 150bn ($4.85 billion) social protection package that will increase salaries of public employees as of April.

President Abdel Fattah Al-Sisi directed the government in March to address soaring inflation in the country by increasing public employees’ salaries and pensions.

The package includes EGP 95bn allocated to raise the minimum wage and finance the Takaful and Karama social protection programmes, and EGP 55bn to boost pensions, according to Maait.

Under the new measures, public employees will see their monthly salaries increase by a minimum of EGP 1,000 starting in April.

The minimum wage in the public sector will rise by 17 percent to EGP 3,500 per month, while employees with advanced qualifications, such as a master’s or PhD degree, will also see their minimum salaries increase to EGP 6,000 and EGP 7,000 per month, respectively.