Egyptian Prime Minister Mostafa Madbouly.. Photo courtesy of Egypt's cabinet
Madbouly said the government approved an EGP 1,000 increase in the minimum wage as part of measures included in the next fiscal year’s state budget.
He added that the wage bill for the 2026/27 fiscal year would rise by 21%, describing it as the largest increase in a long period.
Speaking at a weekly cabinet press conference, Madbouly said periodic salary increments would continue at a rate of 15%, with additional exceptional increases granted to teachers and healthcare workers.
He had previously said the planned wage and salary increases were incorporated into the state’s general budget for the fiscal year beginning in July 2026.
The last rise in minimum wage was in March 2025 when the National Council of Wages (NCW) raised the minimum wage for private sector workers to EGP 7,000, effective 1 March 2025.
It was the sixth in three years, with the increase in May 2024 from EGP 3,500 to EGP 6,000.
The minimum wage for private sector workers was raised to EGP 2,400 in January 2022, EGP 2,700 in January 2023, EGP 3,000 in July 2023, and EGP 3,500 in January 2024.
Earlier on Wednesday, President Abdel-Fattah El-Sisi held a meeting with Prime Minister Mostafa Madbouly, Finance Minister Ahmed Kouchouk, and Minister of Planning and Economic Development Ahmed Rustom to review ongoing government efforts to finalise Egypt’s post-International Monetary Fund (IMF) economic vision, including preparations for a national development programme aimed at boosting competitiveness and ensuring long-term economic stability.
Egypt is currently implementing an $8 billion Extended Fund Facility (EFF) programme with the IMF, agreed in 2024 as an expansion of an earlier 2022 deal, aimed at restoring macroeconomic stability and addressing foreign currency shortages.
In February 2026, the IMF approved the fifth and sixth reviews of the programme, alongside the first review under the $1.3 billion Resilience and Sustainability Facility (RSF). This unlocked about $2.27 billion in new financing and brought total disbursements to around $5.2 billion.
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