Al-Masry Al-Youm has obtained a document containing the late Egyptian President Nasser's salaries from January 1 to December 31, 1968. According to this document, he took LE 4,723 per year after stamps, trips and taxes had been deducted. According to the document, Nasser's monthly salary was 500 LE plus LE 125 as representation allowance. Yet, LE 62 were deducted for his pension, LE 4 for stamps, LE 89 for revenues, LE 32 for defense, LE 16 for security and LE 25 for his trips out of Cairo. At the end of the month, Nasser's salary amounted to LE 395.78. "Before the mid-1970s, there was a law (Law No. 113 of 1961) setting forth that no civil servant, including the President of the Republic, could have an annual income exceeding LE 5,000" Dr. Abdel Khalek Farouk, expert on economic affairs, said. "In the mid-1970s, the variable salary was introduced. Since then, the President of the Republic has been getting a variable salary some 70 or 80 times higher than it used to be before this law. Since then, the President's monthly salary has also become a secret" he added. The expert went on to say that the value of the Egyptian pound in the 1960s was about ten times higher than now. In other words, President Nasser's salary in today's terms would be as high as LE 50,000 a year. He thought the current salary of the President of the Republic was more than LE 80,000. Writer Youssef el-Qaeed said: "No comparison can be made between Nasser's era and the years after him, as everything was known to the public when he was president and so was his bank account when he died. "Article 80 of the Constitution says: the salary of the President of the Republic shall be fixed by law. Any amendment in the salary shall not come into force during the Presidential term in which it is decided upon. The President of the Republic may not receive any other salary or remuneration." According to the memoirs of Samy Sharaf, director of Nasser's office, the late president did not get any additional money from the State.
