Social Support
Prime Minister Mostafa Madbouly announced on Monday that Egypt will raise the national minimum wage and implement government spending cuts to mitigate the domestic economic impact of regional military escalation. The decisions came during a meeting of the Central Crisis Management Committee, chaired by Madbouly, to monitor repercussions from US-Israeli operations in Iran and broader regional developments.
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Egypt will roll out a new social support package this week to assist vulnerable and low-income groups ahead of the high-demand Ramadan season, the Egyptian Presidency announced on Saturday. During a meeting with Prime Minister Mostafa Madbouly and Finance Minister Ahmed Kouchouk, President Abdel Fattah Al-Sisi directed the government to begin implementing the proposed measures, primarily in the form of direct cash support.