Egypt to raise monthly minimum wages for public sector workers
Egypt will increase the minimum wage for public sector workers to 7,000 Egyptian pounds ($138.50) per month from July, aligning it with the private sector's minimum wage established in early February, Finance Minister Ahmed Kouchouk announced during a press conference on Wednesday.
The wage increase forms part of a broader social protection initiative, which will cost between 80 and 85 billion Egyptian pounds ($1.6-$1.7 billion) and is slated to commence with the new fiscal year beginning in July.
Additionally, a temporary relief package valued at 35-40 billion Egyptian pounds ($692-791 million) will be implemented from March through June.
This package includes increased funding for the country's ration card system, targeting support for 10 million of the most vulnerable families in March and April.
Despite previous increases in the minimum wage, its real value has declined over time.
In February 2024, the monthly minimum wage was raised by 50% to 6,000 pounds. At that time, the equivalent value was $19