2023-11-29 20:41:00
Nada Selim wrote Wednesday, November 29, 2023 10:41 PM
The doctor revealed Abdul Sind Yamamathe presidential candidate and head of the Wafd Party, about the details of his plan contained in his electoral program to raise the minimum wage to 5 thousand pounds, explaining the mechanisms for implementing that decision, which affects millions of the middle classes and below, stressing that this decision is not intended to achieve mass appeal and influence the feelings of citizens. Rather, it is a carefully and carefully considered decision so as not to lead to serious consequences that affect the fate of losing companies and increase the challenges they face.
The head of the Wafd Party and the presidential candidate indicated, during press statements, that the decision to increase wages must be carefully studied and in accordance with the provisions of the Constitution, which stipulated the approval of Parliament, stressing that this decision to increase the annual increase in the event that an equivalent is not available means deducting part of the general budget that It was allocated to different aspects of spending in order to implement it, and for the private sector, the annual increase, if it is not studied, will lead to the closure of industrial facilities and the layoff of workers, due to their inability to fulfill this decision.
The presidential candidate explained that he chose to implement this decision a year after assuming office, so that the economic plan contained in his electoral program would bear fruit, provided that the Social Insurance Authority would bear this difference in wages paid to state workers after increasing the minimum, provided that the scope of the authority’s jurisdiction would be expanded to achieve the goals of providing More decent life for workers, and with regard to the private sector, he stressed that institutions have the right to submit applications stating their inability to implement the decision, accompanied by evidence confirming their inability to implement this increase.
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