Finance Ministry prepares next fiscal year’s budget: official
Hany Kadry Minister of Finance - YOUM7/Sami Waheeb

CAIRO: The Ministry of Finance is preparing the 2014-2015 fiscal year budget and will complete it before the end of the month, a source told the Anadolu Agency on Monday. 

The Ministry of Finance is currently discussing the budgets of different government bodies as a prelude to setting a complete budget by the end of the month to be ratified by the new president, the source added.

In the 2014-2015 budget, wages are scheduled to be $28.7 billion instead of $26.3 billion, to allow applying minimum wage rates.

Dr. Hazem El Beblawy’s resigned ministry had approved a decision to apply the minimum wage at 1,200 EGP, while workers for a number of administrative bodies have not benefitted from the minimum wage rate, which has led to many factional strikes, he said.

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