Egypt fast-tracks recycling plant to turn Suez Canal into 'green canal'    Global pressure mounts on Israel as Gaza death toll surges, war deepens    Egypt targets 7.7% AI contribution to GDP by 2030: Communications Minister    Irrigation Minister highlights Egypt's water challenges, innovation efforts at DAAD centenary celebration    Egypt discusses strengthening agricultural ties, investment opportunities with Indian delegation    Al-Sisi welcomes Spain's monarch in historic first visit, with Gaza, regional peace in focus    Cairo governor briefs PM on Khan el-Khalili, Rameses Square development    El Gouna Film Festival's 8th edition to coincide with UN's 80th anniversary    Egypt expands medical, humanitarian support for Gaza patients    Egypt condemns Israeli offensive in Gaza City, warns of grave regional consequences    Cairo University, Roche Diagnostics inaugurate automated lab at Qasr El-Ainy    Egypt investigates disappearance of ancient bracelet from Egyptian Museum in Tahrir    Egypt launches international architecture academy with UNESCO, European partners    Egypt signs MoUs with 3 European universities to advance architecture, urban studies    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    Egypt condemns terrorist attack in northwest Pakistan    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt's state-employees' wages increase costs FY2021/22 budget EGP 37 bln: Finance minister
Published in Ahram Online on 16 - 03 - 2021

State-employees' wages in the state's FY2021/2022 budget plan have been increased by EGP 37 billion in implementation of the recent presidential directives, Egypt's Minister of Finance Mohamed Maait announced on Tuesday.
Maait explained that the total cost of increasing the salary increment for state-employees in the FY2021/2022 budget records EGP 7.5 billion, while the total cost of increasing the extra bonus posts EGP 17 billion.
He also said that an extra bonus will be allocated for the state-employees who will move to the New Administrative Capital in the FY2021/2022 budget, with a total cost of EGP 1.5 billion.
The total cost of increasing pensions in FY2021/2022 will reach EGP 31 billion, according to Maait.
The new increases in the state-employees' wages will increase the salaries minimum from EGP 2000 up to EGP 2400 according to the grade of each state-employee.
For the state-employees who are subjected to civil society law, the salary increment will be 7 percent of the basic salary with a minimum of EGP 75 monthly without a ceiling, and will be applied as of 1 July 2021, Maait clarified.
For the state-employees who are not subjected to the civil service law, Maait expounded that an extra allowance, worth 13 percent of the basic salary, will be applied as of 1 July 2021 at the same minimum.
For the extra bonus, all sate-employees will get a sum of EGP 175 up to EGP 400 according to the grade of the employee, according to the minister.
On Monday, Egypt's President Abdel-Fattah El-Sisi issued directives to increase the salaries of all state employees and raise the monthly minimum wage.


Clic here to read the story from its source.