Egypt: President El-Sisi Instructs Implementation of 180-billion-pound Urgent Social Protection Package

Egypt: President El-Sisi Instructs Implementation of 180-billion-pound Urgent Social Protection Package

Today, President Abdel Fattah El-Sisi held a meeting with Prime Minister, Dr. Moustafa Madbouly, and Minister of Finance, Mohamed Maait. Spokesman for the Presidency, Counselor Dr. Ahmed Fahmy, said the President was updated on developments in the economic situation, and measures undertaken by the government to control the prices of commodities and services in the market, reduce inflation and stabilize the macro economy. President El-Sisi instructed the government to urgently alleviate the living burden on citizens, and to minimize as much as possible the effects of crises, external economic turmoil and their internal impact. The President confirmed his continuous follow-up and accurate follow-up on the citizens’ conditions, stressing the state’s commitment to exerting all efforts in this direction. The President instructed the implementation of a 180-billion-pound urgent social protection package, which is the largest of its kind, effective March 1, 2024. This will include wage increase for public-sector employees and economic entities by a minimum ranging between 1000 and 1200 pounds, depending on the job grade (1000 pounds for the sixth to the fourth grades, 1100 pounds for the third to the first grades, and 1200 pounds for the grades of director general up to undersecretary of the minister).