Egypt president raises minimum wage to 2000 Egyptian pounds

Advice, information and discussion about Egypt in general.

Moderators: DJKeefy, 4u Network

User avatar
DJKeefy
Site Administrator
Site Administrator
Posts: 10925
Joined: Thu Jan 13, 2005 4:08 pm
Location: UK
Has thanked: 924 times
Been thanked: 1873 times
Gender:
Egypt

Egypt president raises minimum wage to 2000 Egyptian pounds

Post by DJKeefy »

Egypt’s President Abdel Fattah al-Sisi has raised the country’s minimum wage to 2,000 Egyptian pounds a month from 1,200 pounds, he said at an event on Saturday celebrating women.

Sisi said the raise would apply to all Egyptian workers and added that pensions would rise by 15 percent, with pensioners receiving a minimum increase of 150 pounds to take the minimum pension to 900 pounds.

“This was supposed to come out on June 30. But I said this matter cannot wait,” the president said.

Under the measures announced by Sisi, state employees will receive a raise of 7 percent, or a minimum of 75 pounds, while those not employed in the civil service will receive a 10 percent raise, also receiving at least 75 pounds.

All state employees will also get a bonus of 150 pounds to help compensate for inflation, Sisi said, urging Egyptians to alter their spending behavior to help combat rising prices.

“You want to control prices, don’t buy things that get more expensive. The matter is simple. By God, by God, by God, anyone selling and buying wants to profit and be successful – if they find that their prices are exaggerated and people don’t go buy their commodities, prices will fall,” he said.

The pay increases will cost the state 30.5 billion Egyptian pounds in total, Sisi said, noting that more than 300 billion pounds would be allocated for salaries in the 2019/2020 budget, up from 270 billion in the previous year.

Egypt has implemented a series of tough economic measures, including devaluing the pound, slashing energy subsidies and introducing a value-added tax, to help meet conditions of a $12 billion IMF loan. The measures have left many of Egypt’s nearly 100 million people struggling to make ends meet.

Remaining fuel subsidies are expected to be cut around mid-2019, and the petroleum minister said last month Egypt would implement an automatic price indexation mechanism on 95 octane petrol starting in April.

Source: https://www.africanews.com/2019/03/31/e ... 6-from-70/


Image

newcastle
Egyptian God
Egyptian God
Posts: 7849
Joined: Thu Oct 17, 2013 11:49 am
Has thanked: 2191 times
Been thanked: 6548 times
Egypt

Re: Egypt president raises minimum wage to 2000 Egyptian pou

Post by newcastle »

How anyone can survive on 2000 EGP a month is a mystery.

User avatar
DJKeefy
Site Administrator
Site Administrator
Posts: 10925
Joined: Thu Jan 13, 2005 4:08 pm
Location: UK
Has thanked: 924 times
Been thanked: 1873 times
Gender:
Egypt

Re: Egypt president raises minimum wage to 2000 Egyptian pou

Post by DJKeefy »

I still know many only getting 750Le a Month, so it looks like the Government don't do check-ups to see if the minimum wage is being implemented :(
Image

User avatar
carrie
Egyptian Pharaoh
Egyptian Pharaoh
Posts: 4726
Joined: Mon Mar 14, 2005 10:46 am
Location: luxor
Has thanked: 3043 times
Been thanked: 5719 times
United Kingdom

Re: Egypt president raises minimum wage to 2000 Egyptian pou

Post by carrie »

I know an awful lot of people who would be over the moon to get 2000le a month.

newcastle
Egyptian God
Egyptian God
Posts: 7849
Joined: Thu Oct 17, 2013 11:49 am
Has thanked: 2191 times
Been thanked: 6548 times
Egypt

Re: Egypt president raises minimum wage to 2000 Egyptian pou

Post by newcastle »

DJKeefy wrote:I still know many only getting 750Le a Month, so it looks like the Government don't do check-ups to see if the minimum wage is being implemented :(
Goes to show how big the black economy is in Egypt.

Whilst big employers - the Govt, hotels, etc - where employees have contracts, may have to toe the line many Egyptians work casually and will be outside the scope of any minimum wage.

Even with bigger employers I don’t see the gov going to much trouble to see it implemented - unless there’s a union around to cause a fuss.

Another Sisi declaration.......all P R and little substance.

  • Similar Topics
    Replies
    Views
    Last post
  • Egyptian govt sets maximum wage at 35 times minimum wage
    by DJKeefy » Thu Nov 14, 2013 5:39 am » in Know Egypt
    0 Replies
    262 Views
    Last post by DJKeefy
    Thu Nov 14, 2013 5:39 am
  • A dream for millions of Egyptian workers: A minimum wage
    by DJKeefy » Fri Jul 27, 2012 11:26 pm » in Know Egypt
    0 Replies
    292 Views
    Last post by DJKeefy
    Fri Jul 27, 2012 11:26 pm
  • Egypt sets LE1200 as minimum wage for government workers
    by DJKeefy » Wed Sep 18, 2013 8:33 pm » in Know Egypt
    12 Replies
    951 Views
    Last post by DJKeefy
    Sat Sep 21, 2013 10:24 am
  • Experts debate Egypt’s new minimum wage policy
    by DJKeefy » Sat Nov 09, 2013 5:04 am » in Know Egypt
    0 Replies
    447 Views
    Last post by DJKeefy
    Sat Nov 09, 2013 5:04 am
  • Independent trade union federation rejects minimum wage...
    by DJKeefy » Tue Sep 24, 2013 7:33 pm » in Know Egypt
    0 Replies
    273 Views
    Last post by DJKeefy
    Tue Sep 24, 2013 7:33 pm