Egyptian Minister of Finance Mohamed Maeet said the State’s public treasury bore LE2.2 bn in support of salaries of workers in the governorates’ private funds covering nine months within the period starting from last July until next March.
A statement issued by the Ministry of Finance Sunday said, the amount is expected to reach about LE3 bn compared to LE723 mn during 2017/2018 fiscal year, with a growth rate of 315%.
All drives reflect State’s keenness on improving income of workers in private funds that would contribute to achieving job security and social stability, taking into account the social dimension for the targeted categories and their families, especially in light of the current global economic challenges, the statement read.
Source: State Information Service Egypt