President’s salary to increase by 950%, bonuses by 110%
The Cabinet amended a law to reorganize the president’s financial compensation on Sunday, the privately owned daily newspaper Al-Shorouk reported.
The law, which has yet to be published in the official gazette, allegedly raises the president’s basic salary from LE2,000 to LE21,000 — in addition to another LE21,000 in the form of bonuses.
According to Al-Shorouk, the State Council’s Legislative Department agreed to the proposed changes, affirming that no more bonuses should be granted to the president.
The law also stipulates that the new changes will be applied for the upcoming president, not during the term of current interim President Adly Mansour. The results of the presidential elections will be declared on June 5.
The monthly salary of the president, according to a report by the Shura Council, was set at LE2,000, with bonuses of up to LE10,000 per month, according to Al-Shorouk.
أخبار ذات صلة
Seven months in, conflicts continue to hamper launch of National Dialogue political process
No date an official start of the forum is currently on the horizon
National dialogue gains definition with announcement of board to determine agenda, attendees, but crucial leading role still matter of debate
“We cannot object to those who were chosen, but we would have liked others to have been picked"
Q&A | Director Khaled Youssef on the national political dialogue: We must take full advantage of this opportunity, even if our chances are slim
After falling out of favor with the state post-2013, Youssef has appeared to return to the scene
Dominant media group bans coverage of Civil Democratic Movement
The move comes ahead of a "national dialogue" called for by the president
Your support is the only way to ensure independent, progressive journalism survives.
You have a right to access accurate information, be stimulated by innovative and nuanced reporting, and be moved by compelling storytelling. Subscribe now to become part of the growing community of members who help us maintain our editorial independence.
Join us