Civil Servant Salaries to be Reduced by 1%

Egypt’s Cabinet has approved draft law to reduce the salaries of civil servants by 1% from 1 July 2021 for a year. The draft law will also deduct 0.5% of the net income from pensions. The aim is to tackle the economic effects of Coronavirus on the country. Those with monthly net incomes below 2,000 Egyptian Pounds will be exempt and the Government may exempt additional groups particularly affected by the virus. Under the law, the Finance Ministry will establish a special account at the Central Bank of Egypt where the relevant amounts will be deposited. Full story

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