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ARTICLE · 18 JANUARY 2023

Minimum Wage Increase

Soliman, Hashish & Partners
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The National Wages Council issued a decision in its meeting dated December 28th, 2022, to increase the minimum wage of employees of the private sector to EGP 2700 (approximately USD...

EgyptEmployment and HR
Ahmed Khaled
Ahmed Khaled

Overview

The National Wages Council issued a decision in its meeting dated December 28th, 2022, to increase the minimum wage of employees of the private sector to EGP 2700 (approximately USD1 91) as of January 1st, 2023, which is reflected in a Decree issued by the Minister of Planning and Economic Development. This was subsequent to the prior wage increase of public sector employees from EGP 2,700 (approximately USD 91) to EGP 3,000 (approximately USD 101) on November 14th, 2022, by virtue of a Prime Ministerial Decree, and which was a result of the increase in the annual headline inflation rate that recorded 21.9% in December 2022, as announced by the Central Agency for Public Mobilisation and Statistics and the Central Bank of Egypt.

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