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The Council of Ministers, headed by Ing. Mostafa Madbouly, is studying a draft law on
This would deduct 1% of the wages of all workers in the country, as part of the general confrontation.
The coronavirus spread.
Includes the proposal from May 1.
2020 Monthly discount of 1% of wages and salaries
(Basic – functional – comprehensive) for workers in the state for a period of 12 months, to contribute to
Financing for some economic impacts resulting from the consequences of facing the Coronavirus
Newcomer. “If this proposal is agreed, it would be sent to Parliament
For study during the sessions scheduled for May 17 of the current month.
Also read: Minister of Finance: the government will issue a statement on a discount
1% of employee wages. See
The first article of the bill establishes
Like: “As of May 1, 2020, 1% of wages and salaries (basic – work – comprehensive) for workers are deducted monthly.
In the country for a period of 12 months, to help finance some of the economic impacts derived from
The repercussions of facing the emerging corona virus. ”
According to the bill, this:
The authorities, organisms, agencies and companies stipulated in the law will pay the salary or
The worker’s salary, after deducting the aforementioned percentage and his offer, and each violation thereof will be asked
Disciplinary worker “.
The law also states: “It will be established
The Ministry of Finance is a bank account for the Central Bank of Egypt within the consolidated treasury account
On behalf of the account to face the repercussions of the emerging corona virus
Includes amounts that are deducted in accordance with the provisions of this law, and disbursements are made in accordance with the rules.
Decided by the cabinet to finance the effects of the negative repercussions of a virus.
Crown Novel “.
Applicable to the law
The law applies according to which all employees make a deduction of 1% of employees’ wages
In the state administrative apparatus, local administration units or public service agencies,
Or by bodies, devices and bodies. Have
Independent budgets or other agencies and devices covered by the general state budget,
And workers in public and economic organizations, or companies in the public business sector, or companies
In which the state owns at least 1% of its capital.
Also read
Minister of Finance: The government will issue a statement on the deduction of 1% of employees’ wages. Witness
The discount that applies to them also includes workers whose hiring matters are regulated by special laws or regulations.
Those with public office and permanent attachment, whether the worker is in a permanent position or
Temporary, metro, expert, national or in any capacity.
The government said in the explanatory note to the bill that the world Everyone suffers from the Corona pandemic virus, which created
The economic and financial effects that were reflected in some segments of society led the government to take measures.
Caution to harass the virus and its repercussions.
In the explanatory memorandum, the Minister of Finance confirmed that a 1% discount on employees’ wages
And subject to the law, as already mentioned, it will be only for 12 months.
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