{"id":583711,"date":"2023-03-20T00:00:00","date_gmt":"2023-03-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/20\/wage-pension-hikes-given-initial-house-approval-amid-criticism\/"},"modified":"2023-03-20T00:00:00","modified_gmt":"2023-03-20T00:00:00","slug":"wage-pension-hikes-given-initial-house-approval-amid-criticism","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/20\/wage-pension-hikes-given-initial-house-approval-amid-criticism\/","title":{"rendered":"Wage, pension hikes given initial House approval amid criticism"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">House gives initial approval to wage, pension hikes + call on gov\u2019t to do more: <\/span><span style=\"\">Some lawmakers called on the government to do more to curb soaring inflation yesterday as the House gave preliminary approval to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/03\/05\/el-sisi-announces-egp-150-bn-program-of-wage-hikes-pension-increases-amid-soaring-inflation-98560\/\" style=\"\">the latest round of wage and pension hikes<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">ICYMI-<\/span><span style=\"font-weight:400;\"> The package of measures voted on yesterday will raise salaries and the minimum wage for public-sector workers and hike pension payouts by 15% from 1 April. The government also plans to increase the personal tax exemption threshold and increase funding for the Takaful and Karama social protection program. The bill will be put up for a final vote in an upcoming session. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">But some don\u2019t think that\u2019s enough:<\/span><span style=\"font-weight:400;\"> A number of pro-government and opposition MPs say the measures will not be enough to protect households from the soaring cost of living. \u201cThe new wage and pension hikes will help citizens bear the high cost of living for only one week because inflation rates are going higher all the time,\u201d said Rep. Mostafa Bakry, a member of the pro-government Mostaqbal Watan party. \u201cThe government might be good at building bridges, but it is a complete failure on economic policies.\u201d <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Inflation is red hot right now:<\/span><span style=\"\"> Food-price inflation <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/03\/12\/inflation-surges-to-five-and-a-half-year-high-in-february-far-above-analysts-expectations-99377\/\" style=\"\">reached all-time highs<\/a><\/span><span style=\"font-weight:400;\"> last month, driving headline inflation to its highest level since July 2017 and core inflation to a record level.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Pro-govt MPs call for price controls:<\/span><span style=\"font-weight:400;\"> Rep. Sabboura El Sayed and Rep. Mohamed Zeineddin, both of Mostaqbal Watan, urged the government to introduce price controls. \u201cWithout these urgent measures, the new wage and pension hikes will be of short-term impact like tranquilizers,\u201d said Zeineddin.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">MPs demanded that Prime Minister Moustafa Madbouly visit the House and explain his government\u2019s policies.<\/span><span style=\"\"> \u201cInstead of holding a press conference every now and then, the prime minister can cross the street and come to the House to explain his government's plans on controlling soaring inflation and clamping down on monopolies,\u201d said Rep. Ayman Abul Ela, a member of the liberal Reform and Development Party.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Global economic crisis to blame, says minister:<\/span><span style=\"font-weight:400;\"> Parliamentary Affairs Minister Alaaeddin Fouad defended the government\u2019s record, saying that the government is doing its best to curb inflation, pointing to the role of external factors including the war in Ukraine. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">ALSO APPROVED BY THE MPS- The bill to <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/20\/senate-approves-bill-allowing-informal-industrial-projects-to-get-temporary-licenses-97412\/\" style=\"\">grant temporary licenses<\/a><\/span><span style=\"font-weight:700\"> to informal <\/span><span style=\"font-weight:700\">industrial projects<\/span><span> was given preliminary approval yesterday. <\/span><span style=\"font-weight:400;\">The two-article bill would grant the Industrial Development Authority (IDA) the power to allow unlicensed projects to operate for a temporary one-year period while they work to legalize their positions. The temporary license could be extended by up to two additional years by the Trade Ministry, upon approval from the relevant authorities. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Pending approval: The House received a government-draft law on the proposed return of daylight saving.<\/span><span> The draft law received the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/03\/02\/it-looks-like-daylight-saving-time-is-coming-back-98368\/\" style=\"\">greenlight from the cabinet<\/a><\/span><span style=\"font-weight:400;\"> earlier this month. If passed the law would see Cairo Local Time (CLT) pushed forward by one hour from the last Friday of April through the last Thursday of October. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The House also received two loan agreements:<\/span><span> A USD 301 mn facility from Japan to help finance Metro Line 4 and two USAID grants: one for <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/26\/egypt-buys-240k-tons-of-russian-wheat-plus-news-from-ebrd-usaid-and-more-97861\/\" style=\"\">economic governance<\/a><\/span><span> and another<\/span><span> for<\/span><span> higher education.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ministers not doing enough in inflation fight, say pro-govt and opposition MPs<\/p>\n","protected":false},"author":1,"featured_media":583712,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7344],"tags":[104,72,274,182,187],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-583711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-watch","tag-economy","tag-enterpriseam","tag-house-of-representatives","tag-inflation","tag-legislation-watch","wpautop","entry"],"acf":{"mongo_id":"c1b9b7a7-c566-4b2a-8271-7f04b0963f18","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/10\/House1600.jpg","photo_position":"below","homepage_title":"","full_issue_title":"Egypt\u2019s House of Representatives approves latest round of wage and pension hikes \u2014 and MPs are sounding very grumpy","related_issue":[583697],"teaser":"Ministers not doing enough in inflation fight, say pro-govt and opposition MPs","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.84a34834-d85d-4b39-9361-83ec394b9b93.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Wage, pension hikes given initial House approval amid criticism - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/20\/wage-pension-hikes-given-initial-house-approval-amid-criticism\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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debt servicing costs in 4Q 2022-2023","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/House-of-Rep-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":608170,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/16\/house-passes-cost-of-living-payout-tax-break\/","url_meta":{"origin":583711,"position":1},"title":"House passes cost-of-living payout, tax break","author":"enterpriseam admin","date":"16 October 2023","format":false,"excerpt":"Our income tax threshold has now risen 275% in just nine years","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/752.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":582860,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/09\/cabinet-signs-off-on-new-wage-pension-hikes-with-higher-price-tag-than-originally-projected\/","url_meta":{"origin":583711,"position":2},"title":"Cabinet signs off on new wage, pension hikes with higher price tag than originally projected","author":"enterpriseam admin","date":"9 March 2023","format":false,"excerpt":"The cost to the state budget: EGP 190 bn","rel":"","context":"In &quot;Cabinet watch&quot;","block_context":{"text":"Cabinet 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&quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544987,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/30\/house-approves-early-bonuses-raises-for-state-employees-and-pensioners\/","url_meta":{"origin":583711,"position":4},"title":"House approves early bonuses, raises for state employees and pensioners","author":"enterpriseam admin","date":"30 March 2022","format":false,"excerpt":"The House of Representatives has approved a law that expedites public sector wage hikes and pension increases, an urgent measure announced last week to soften the economic impact of the Ukraine war, Ahram Online reports. The bill brings forward the new remuneration rates by three months, meaning that they will\u2026","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/701.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":614855,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/08\/the-governments-fresh-wage-pension-hikes-were-talk-of-the-town-yesterday\/","url_meta":{"origin":583711,"position":5},"title":"The government\u2019s fresh wage, pension hikes were talk of the town yesterday","author":"enterpriseam admin","date":"8 February 2024","format":false,"excerpt":"The economy is back on the airwaves after President Abdel Fattah El Sisi unveiled an EGP 180 bn package of wage hikes, pension increases, and tax breaks. 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