NO. 26


Financial and Banking News

Budgets & Revenues

Sidki Proposes 20% Pay Rise for Egyptian Public Sector

The Egyptian Government will raise state salaries by 20% in the nextfinancial year, which starts on 1 July 1992, according to Prime Minister 'AtifSidki. The government had initially proposed a 15% increase, but bowed topressure from the National Assembly, which favored 20%. Mr. Sidki made hisannouncement during a speech to the National Assembly on 22 March....