Egypt plans to raise the minimum monthly wage for government employees from EGP 8,000 (around USD 144) to EGP 15,000 (around USD 271) by the end of the 2029/2030 fiscal year, Prime Minister Mostafa Madbouly announced on Saturday, 24 October. The announcement was made during the closing session of Egypt Forum 2026 in the New Administrative Capital. The proposed increase is expected to benefit around 4.5 million public sector employees. The current minimum monthly wage for state employees was raised to EGP 8,000 in July 2026. If the new target is achieved, the minimum wage will increase by 87.5% compared with its current level. The planned wage increase comes as many Egyptians continue to face rising living costs and financial pressures. The government says improving incomes and living standards will be among its main priorities in the coming years. According to the World Bank, Egypt’s national poverty rate stood at 33.5 percent in 2021/2022. This means roughly one in three Egyptians was living below the country’s national poverty line. The World Bank has also estimated that poverty increased by around five percentage points between 2022 and 2024 when measuredContinue reading "Egypt Plans to Raise Minimum Wage to EGP 15,000 by 2030"
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