Prime Minister Moustafa Madbouli announced a new package of measures aimed at supporting citizens amid ongoing global economic pressures, stressing the government’s commitment to easing living costs, particularly for the most vulnerable groups.
Addressing the House of Representatives in a plenary session on Tuesday, Madbouly said public sector wages will increase by 21% in the 2026/2027 fiscal year.
The minimum monthly wage will also be raised to LE8,000 as of July, at a total cost exceeding LE100 billion. Periodic bonuses will be applied to employees covered by the Civil Service Law, as well as those outside its scope.
Madbouli noted that essential goods are available in markets, adding that the state has ensured continued production and steady supply flows.
He highlighted that strong foreign currency reserves have helped the Egyptian economy remain resilient in face of current challenges.
He added that flexible monetary policies, implemented in close coordination with the Central Bank of Egypt (CBE), have helped contain inflation and maintain market stability, supported by exchange rate flexibility and efficient economic management.
The Prime Minister also pointed to a new LE40 billion cash support package launched in February, targeting around 15 million low-income and vulnerable families, alongside additional measures to support the health and agricultural sectors.
Madbouli said the government has been preparing for multiple scenarios in light of ongoing global conflicts, closely monitoring developments and their impact on trade.
An emergency committee was formed from the early hours of the crisis to coordinate responses and manage potential repercussions, he added.
The premier stressed that a comprehensive set of proactive measures has been implemented, including securing energy needs and safeguarding supply chains, strengthening the economy’s ability to absorb shocks and maintain stability.
