Social Solidarity Minister Ghada Wali requested parliament approve a 15 percent increase in pensions on Sunday, according to Al-Ahram Arabic website.
"The government is working to increase pensions by 15 percent, with a minimum increase of EGP 125, so the lower limit would increase from EGP 500 to EGP 750," she stated, adding that the increase, equal to EGP 23.5 billion, will be funded by the treasury.
Wali requested that the House of Representatives approve an increase from EGP 500 per month to EGP 750.
"The 15 percent increase gives people with low pensions some privilege," she added.
There are 7.3 million Egyptian citizens benefiting from pensions in the country, Egypt's minister of social solidarity told the House of Representatives.
Wali was speaking in parliament for the discussion of the state budget for the new fiscal year that begins on 1 July.