Cairo – Mubasher: The Egyptian Prime Minister, Mostafa Madbouly, on Wednesday announced the approval of a new pay system for teachers effective of as January 2021, according to a state-run TV.

Allowance for teachers will be raised by 50% with a value ranging from EGP 75 to EGP 180 at a total cost of 1.8 billion, the Minister of Finance, Mohamed Maait, said.

In addition, the monthly incentive will be increased by 50% with a value from EGP 140 to EGP 185 at a total cost of EGP 1.2 billion.

Moreover, school principals will be given an incentive of EGP 250, while deputy principals will be granted EGP 150. This will cost the government about EGP 311 million.

At a cost of EGP 2.3 billion, exam bonuses will be increased by 25% with a value of EGP 50 to EGP 155.

Maait further revealed that a fund has been established for employees working at the Ministry of Education and Azhar to which an amount of EGP 500 million has been transferred from the state treasury.