New Measures Announced to Support Egyptians During Economic Downturn
The Prime Minsiter has announced a series of new measures to support Egyptian citizens during the current economic downturn.
Prime Minister Dr. Mostafa Madbouly announced a series of new measures to support Egyptian citizens during the current economic downturn. These decisions include raising the tax exemption limit by EGP 6,000, raising the minimum wage by EGP 300, adopting an exceptional bonus for all state workers and pensioners at a value of EGP 300, and providing financial support to families in need through rations until next June 30th. Additionally, current electricity prices have been stabilised until June 30th, 2023.