Prime Minister Mostafa Madbouly announced on Wednesday, April 1, 2026, that Egypt will do so He increases The monthly minimum wage increased to 8,000 Egyptian pounds (US$147.25) per month as of July.
Madbouly He said The decision includes an increase of 1,000 pounds, and forms part of the measures that will be reflected in the state’s general budget for 2026/27.
Madbouly said during the weekly Cabinet press conference He said The government expects the wage bill for the 2026/27 fiscal year to rise by 21 percent, describing it as the largest increase in a long time.
he He added The authorities plan to continue periodic salary increases of 15 percent, while granting exceptional increases to specific categories of public service, including teachers and health care workers.
This step He follows Previous revisions to the minimum wage for private sector workers, including an increase to 7,000 Egyptian pounds (US$128.84) in March 2025. This revision was the sixth hike in the minimum wage over three years, with previous increases in May 2024 from 3,500 Egyptian pounds to 6,000 Egyptian pounds (US$110.44), and further steps before that over the 2022-2024 period.
Earlier today, Wednesday, he met with President Abdel Fattah El-Sisi, meet Madbouly, Finance Minister Ahmed Kashouk, and Planning and Economic Development Minister Ahmed Rostom met to review preparations for Egypt’s post-IMF economic vision, including a national development program aimed at enhancing competitiveness and maintaining long-term stability.
Egypt currently to implement A US$8 billion (EGP 434 billion) Extended Fund Facility (EFF) was agreed with the IMF in 2024 as an expansion of a previous 2022 agreement aimed at addressing foreign currency shortages.
In February 2026, the International Monetary Fund consent The fifth and sixth reviews under the program and the first review under the Resilience and Sustainability Enhancement Program amounted to US$1.3 billion (70 billion Egyptian pounds), which led to the release of approximately US$2.27 billion (123 billion Egyptian pounds) of new financing, bringing total disbursements to approximately US$5.2 billion (282 billion Egyptian pounds).