EGYPT: Govt to deduct 1% pay cut from all Egyptian employees for 1 year


The Egyptian government has announced a raft of financial measures to help pay for the economic damage caused by the corronavirus pandemic.

Under a new draft law every working Egyptian will face a pay cut of 1% while the elderly will face a half percent cut in their pensions.

The measures will be in force for a year from July. People with a monthly income of less than $125 (£102) will be exempt.

People who work in tourism, which has been particularly badly affected, may also be excluded.

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