Today : Mar 16, 2025
Economy
04 March 2025

Egypt And Iraq Confirm Salary And Pension Hikes

Authorities announce increases amid rising living costs and economic challenges faced by citizens

Beginning March 2025, discussions about salary disbursement details and updates on official salary lists for various job categories have intensified across Egypt and Iraq. The Ministry of Finance of Egypt has confirmed salary increases as part of the newly introduced social safety net, recently approved by the President.

Many government sector employees have begun to inquire about their salary disbursements for the month of March. Officials clarified during recent press statements, including the head of the accounts sector and financial directorates, the date for disbursement, which will be March 23, 2025. The disbursement process is slated to last five days, ensuring accessibility for all employees. Late salary payments are scheduled for March 6, 9, and 10.

The updated official salary figures for various government job grades reflect significant increases this month. For example, employees at the excellent job grade will now receive 12,200 Egyptian pounds. Following are the new pay scales: high grade at 10,200 pounds, general manager at 9,200 pounds, and first grade at 8,200 pounds. Other gradings follow the same trend, with confirmed amounts: second grade at 8,000 pounds, third at 7,500 pounds, fourth at 7,000 pounds, fifth at 6,500 pounds, and sixth grade at 6,000 pounds.

The implementation of these salary increases began on March 1, 2025. Officials noted the timing is advantageous, considering many citizens are currently facing economic hardships, including rising prices. "This step was taken by the government to help employees face their needs," said one official. Indeed, the government aims to bolster social stability through these adjustments, hoping to improve the quality of life for employees throughout the country.

Meanwhile, across the border, the issue of increasing wages and pensions for 2025 has captured significant public interest amid predictions of economic stability. Many residents rely heavily on these payments to fulfill daily needs, and the anticipation for increases looms larger with Ramadan approaching.

The Iraqi government has officially announced plans for new increases to pension payments, promising to add 100,000 Iraqi dinars to existing salary structures. For example, retirees earning 500,000 dinars will now receive 600,000 dinars, and those who previously collected 700,000 dinars will see their benefits increase to 800,000 dinars. This decision reflects the government’s effort to assist citizens struggling with economic pressures.

To make this process more efficient, the Iraqi Ministry of Finance has rolled out new electronic services allowing citizens to inquire about their salary and pension details without the hassle of visiting government offices. This service is straightforward: users need to visit the official website, access the e-services section, choose the salary inquiry option, and enter their personal details, including their national ID number. After completing these steps, they will receive all the relevant salary details, including the exact amount due and when it will be paid. This service makes it easier for beneficiaries to access information securely and conveniently, ensuring transparency.

With March rapidly approaching, many citizens are curious about the disbursement timing for pensions and salaries, particularly since the disbursement normally occurs on the first of the month. Due to March 1, 2025, falling on a Saturday, which is treated as an official holiday, the authorities have postponed the payment schedule to Sunday, March 2, to prevent any delays.

Such adjustments reflect the governments' acknowledgment of current economic challenges and aim to bolster the confidence of their respective citizens. The increased salaries and pensions are not just financial boosts but also gestures of support and commitment to improving living conditions amid economic turbulence. Both the Egyptian and Iraqi governments show their dedication to enhancing the social safety nets for those most vulnerable.

These changes are drawing attention and scrutiny as citizens share their experiences and expectations on social media platforms. Many are hopeful these measures will alleviate some of the financial pressures they face during these economically challenging times.

The governments' promise to improve workers' and retirees' circumstances through these salary increases is welcomed by those who depend on these payments for sustenance. Officials have emphasized the importance of supporting vulnerable groups, underscoring their commitment to social equity and stability.

Going forward, both countries' actions could serve as templates for similar regions wrestling with economic disparity and workforce welfare concerns. Increased transparency, through digital means and timely updates, will likely be key components as they navigate this complex terrain.