Egyptian Prime Minister Mostafa Madbouli stated on Wednesday that the government will raise the minimum wage for public sector employees to 8,000 Egyptian pounds (approximately $149) monthly starting in July. He explained that the wages allocation in the state budget for the fiscal year 2026/2027 has been increased by more than 20%. Minister of Finance Ahmed Kajouk announced that the wage hike will be effective from the first of July next month. The minister added that the upcoming fiscal year's budget sees a 30% increase in health allocations and a 20% increase in the education budget. Madbouli, speaking at a press conference following a cabinet meeting, mentioned that Egypt's strategic goods reserves are sufficient for six months, and the government is working to increase this amount by an additional two months. He noted that energy conservation measures, such as closing shops and commercial centers, will be followed by the implementation of a decision for remote work for employees of some government agencies and banks, starting next Sunday. He clarified, "We are working to ensure that the economy is not affected by these measures, but they will reduce traffic, not just save electricity." The Prime Minister also said there is a "high probability that these measures will continue if the crisis persists."
