Middle East Economic Survey

VOL. LIV

No 46

14-Nov-2011

EGYPT

Reactive Measures Pressure Egypts Budget, Warns CMES

While they are perhaps politically expedient, reactive measures are placing added pressure on Egypts already unsustainable budget deficit, warns the Carnegie Middle East Center (CMEC) in a report published last week. The measures include the governments recent 15% increase in the public sector minimum wage and the extension of fixed contracts to 450,000 public employees, which...