The Egyptian Council of Ministers approved a draft decision to amend the minimum wage for employees and workers of state agencies and public economic bodies.

The draft resolution stipulates that, as of the first of March 2024, the values ​​of the minimum total wage stipulated in the text of Article 1 of Prime Minister’s Resolution No. 1627 of 2019, which has been subject to many amendments, the most recent of which was Resolution No. 4220 of 2023, shall be amended so that The minimum wage for employees and employees of state agencies and public service and economic bodies shall not be less than 12 thousand pounds/month for the excellent grade, 10 thousand pounds/month for the high grade, 9 thousand pounds/month for the general manager grade, and 7,500 pounds/month for the first grade, and 7,000 pounds/month for the second class, 6,750 pounds/month for the third class, 6,500 pounds/month for the fourth class, 6,250 pounds for the fifth class, and 6,000 pounds for the sixth class.

The draft resolution also stipulates that, as of the first of next March, the employee/worker is entitled to a supplementary incentive that represents the difference between the total wage and the minimum stipulated previously, after taking into account a number of points stipulated in the draft resolution.

Approving the minimum wage aims to ensure that the general level of wages is not less than a certain limit that is appropriate to guarantee the wage targets for those targeted by its provisions, which are coupled with the general level of prices and purchasing powers of the monetary system, in a way that guarantees a decent life, equal opportunities, fair distribution of development returns, and reducing disparities between incomes.

Source: RT