CAIRO: Prominent public figures and Egyptian citizens decided to donate half their salaries and assets to boost Egypt’s economy after President Abdel Fatah al-Sisi’s initiative, calling businessmen to donate for the sake of Egypt to solve the deficit crisis.
Sisi announced Tuesday during a commencement speech at the Military Academy that he will take a 50 percent pay cut from his salary.
Sisi also said in the televised speech that he will donate half of his assets to Egypt. Head of the Central Auditing Organization Hisham Genena announced in a statement on June 19 that Sisi’s monthly salary was 42,000 EGP ($5,872) maximum, according to Al-Masry Al-Youm newspaper.
One Egyptian citizen that he will donate his apartment to the state in addition to his “son’s apartment, who died last Monday,” he announced on Sada al-Balad program Tuesday. He was ready to come to the program to hand the apartment’s contract on air.
Businessman Ahmed Abu Hashema said he will donate 5 million EGP from his personal accounts, adding that this time is not “the time for showing off,” he said on CBC program Tuesday. Abu Hashema said that he will hold a meeting with the board of directors of Egyptian Steel Company to discuss the initiative.
Head of CBC channels Mohamed al-Amin said that he will donate half of his assets.
Head of Amer Group Company board of directors Mansour Ameer told Al-Youm channel that he will respond to Sisi’s initiative to boost the Egyptian economy and will build “a new Cairo University,” according to Youm7.
Head of Wafd Party Al-Sayed Al-Badawi told Youm7 he will donate half of his annual income. Media presenters Amr Adeeb and Lamees Al-Hadedy both announced Tuesday that they will donate half of their salaries this month, Youm7 reported.
Al-Watan newspaper board of directors decided to donate an amount that equals the value of 50 percent of the total employees’ salary this month, prominent Egyptian journalist Magdi El-Galad said tweeted Tuesday.
Many others announced that they will donate their assets and salaries to boost the Egyptian economy.
During his Military Academy speech, Sisi said he discussed with Prime Minister Ibrahim Mahlab and other ministers next year’s budget on Monday. Sisi refused to accept the new budget because current estimates show it reaching 2 trillion EGP next year.