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Pension Increase | The day on which the government will start paying out

After the Egyptian government announced the social package Pension Increase to support the Egyptian people and take into account the existing circumstances, the date for paying out the government-approved pension rise is currently the most sought phrase on social media.

Al-Fajr keeps track of all the information you require regarding the release date for the government-approved pension hike.

The day on which the government will start paying out the increased pension

In accordance with President Abdel Fattah El-directives, Sisi’s the date for disbursing the pension increase approved by the government will be the first of the month, Pension Increase according to Major General Gamal Awad, head of the National Organization for Social Insurance. Anyone can withdraw their pension through the pension card.

Pension Increase The National Organization for Social Insurance’s head announced that the preparation of pensions for the month of November had been completed and that the current month’s pension will be increased by the new, approved 300-pound increment at a cost of 31 billion pounds.

Following the announcement of the date on which the government’s approved pension increase will be paid out, Prime Minister Mostafa Madbouly said that the social protection package for citizens was developed in light of the current circumstances and will begin to be implemented next month at a cost of 67 billion pounds.

The social package for citizens was approved, extending the social package’s work until June 30, 2023, raising the minimum wage from 2,700 pounds to 3000 pounds, Pension Increase delaying increases in electricity prices until that date, and approving a special premium to deal with rising living costs at a cost of 300 pounds for all state employees, including pensions.

In order for the Ministry of Finance to present the final accounts to the House of Representatives, on their legal dates, and in light of the rules regulated by Article 67 of Law No. 6 of 2022 regarding Pension Increase the issuance of the Unified Public Finance Law, the Council of Ministers approved 57 bills linking the final accounts of the state’s general budget, economic bodies, and the National Military Production Authority for the fiscal year 2021–2022.

French Republic

The French Republic will provide Egypt with a grant of 500,000 euros as part of the Memorandum of Understanding on Strategic Technical Cooperation between Pension Increase Egypt and the French Republic, signed in Cairo on May 30, 2022, for the development of Egypt’s green hydrogen industry. France will make this grant through its development financial institution, the French Agency for Development (AFD).

The Council of Ministers decided that the Social Housing and Real Estate Finance Support Fund would finish putting the 53 investment housing buildings Pension Increase and the 66 investment housing buildings projects in Port Fouad, Port Said Governorate, to the east of the Faculty of Physical Education, complete with public facilities. In the two projects mentioned, revising the prices for selling investment housing units was also approved.

Given that the sale price is related to the terms of reference, these prices — which are subject to change within 10% — will only start selling when they are implemented in accordance with the supplied mechanisms for offering, selling, and payment. Upon contracting, in accordance with the overall building cost.

The South Sinai Governorate asked to dispose of the usufruct system for a term of ten years on a 1,000 square foot parcel of land, and the Council of Ministers decided to adopt the findings of the Ministry of Finance’s investigation.

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