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Egypt's Finance Minister Ahmed Kouchouk announced a significant increase in public sector salaries starting July 1, 2025, as part of the 2025/2026 budget. Employees under the Civil Service Law will receive a 10% raise, while others will see a 15% increase, with a minimum monthly boost of EGP 150. The budget also includes plans to hire 75,000 teachers, 30,000 doctors, and 10,000 additional government employees, with total wage allocations rising by 18.1% to EGP 679.1 billion.
Egypt is set to receive a USD 1.2 billion loan tranche from the IMF, following the approval of its fourth disbursement under an extended support program. The IMF acknowledges Egypt's economic reforms, including reduced inflation and rising foreign reserves, while reaffirming the country's commitment to lifting fuel subsidies by December 2025, supported by favorable global oil prices. Future program reviews are planned to ensure continued progress amidst ongoing economic challenges.
Egypt is set to receive a USD 1.2 billion loan tranche from the IMF, following the approval of its fourth disbursement under an extended support program. The IMF acknowledges Egypt's economic reforms, including reduced inflation and rising foreign reserves, while reaffirming the country's commitment to lifting fuel subsidies by December 2025, supported by favorable global oil prices. Future program reviews are planned to ensure continued progress amidst ongoing economic challenges.
Ahmed Kouchouk
People
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Egypt announces significant public sector pay raises in 2025 2026 budget
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