Sisi directs to increase the tax exemption limit for some state workers

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On Saturday, President Abdel Fattah Al-Sisi met with Dr. Mustafa Madbouly, Prime Minister, Dr. Hala Al-Saeed, Minister of Planning and Economic Development, Dr. Mohamed Moait, Minister of Finance, Deputy Minister of Finance for Financial Policies, Deputy Minister of Finance for the Public Treasury, and Deputy Minister of Planning for Planning Affairs.

The Spokesman for the Presidency of the Republic stated that the meeting dealt with a review of the draft budget for the fiscal year 2020/2020, as the Minister of Finance indicated in this context that the initial indicators indicate continuity To achieve an initial surplus of 2% of the GDP, along with reducing the budget deficit to 6.2% instead of 7.2% of the output during the past fiscal year, in addition to reducing the debt of the public budget agencies to 80% by the end of the next fiscal year compared to With 108% of GDP in June 2017.

The President instructed to take a number of measures aimed at increasing the incomes of workers in the country in a way that contributes to raising their standard of living, by targeting the approval of a periodic premium for workers addressed to the civil service law at 7% of the total comprehensive wage, and non-addressing workers at 12% of the basic wage.

The President also directed an increase in the tax exemption limit for all wage employees from 8 thousand pounds to 15 thousand pounds annually, in addition to creating a low tax bracket of 2.5% for income owners less than 35 thousand pounds annually, and this contributes to increasing the monthly income of citizens with less income .

The Spokesman added that the meeting witnessed the Minister of Planning and Economic Development presenting the state’s investment plan for 2021, which aims to achieve a growth rate of 6%, which contributes to providing sufficient job opportunities to reduce unemployment rates to 8%, in addition to increasing the investment budget of the state’s bodies, and that To use it to finance a number of targeted sectors to accelerate its growth and upgrade its services, such as the education, housing, electricity, transportation, communications, youth and sports sectors, as well as directing investments to a number of vital initiatives in the health sector, such as the “nurseries and families of intensive care and family The Child Care Campaign », so that nurseries are increased by 10%, the family of childcare by 90% and the family of intensive care by 80%, along with an increase in allocations for a decent life initiative to bring about a real breakthrough in all the services provided in the poorest villages.



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