Egypt’s Ministry of Finance has rejected suggestions it raise the salaries of its employees, the ministry’s spokesperson revealed today.
Ahmed Hassan added that a pay rise could result in a new surge in the inflation rate which would subsequently lead to a notable increase in the price of goods and services. It could negatively affect the country’s budget deficit and the private sector’s salaries, forcing private businessmen to gradually lay-off their manpower, he warned.
He called on the parliament to postpone taking a decision on this topic until the country’s budget for the coming financial year (2017-18) is set.
Egyptian parliamentary ministers have recently had a salary increase.