Region | Egypt

Egypt to raise public sector salaries by 20%

The Egyptian government will give public sector employees a salary increase of at least 20 per cent this year, more than previously promised, Prime Minister Ahmad Nadif said in an interview with state newspaper Al Messa.

  • Reuters
  • Published: 00:45 April 25, 2008
  • Gulf News

Cairo: The Egyptian government will give public sector employees a salary increase of at least 20 per cent this year, more than previously promised, Prime Minister Ahmad Nadif said in an interview with state newspaper Al Messa.

"There are studies underway on the real resources with which the next social raise will be financed so that it will be more than 15 per cent. In any case it will not be less than 20 percent," it quoted Nadif as saying in the interview, seen on the newspaper's website www.almessa.net.eg/ yesterday.

The draft budget for the fiscal year 2008 to 2009, which is on its way to parliament, allows for a 15 per cent rise in salaries, slightly above inflation of 14.4 per cent in the year to March.

Analysts have said the inflation rate for the poor is higher than the average because they spend more of their income on basic food which has risen sharply in price.

Finance Minister Yousuf Boutros-Ghali said this week the government was considering a higher raise, but the increase should not push up the budget deficit, projected at 6.9 per cent of gross domestic product.

Asked where the money might come from, he said "Anywhere. I don't want to talk about it yet because I would rather have them [parliament and the ruling party] come up with the idea, but we have a few ideas."

Manpower Minister Aisha Abdul Hadi said after meeting President Hosni Mub-arak yesterday that in a speech next Wednesday to mark May Day Mubarak would announce "pleasant news ..."

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