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Increase in salaries at a rate far higher than the inflation rate experienced in the market


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News Date: 9/26/2006 5:19 AM  Increase in salaries at a rate far higher than the inflation rate experienced in the market 

Minister of Finance Dr. Youssef Boutros Ghali has reiterated the government’s strong intention to raise salaries among employees in the government sector at a rate far higher than the inflation rate experienced in the market.  The Minister has denied repeated claims of further inflation in goods and products, saying the best means to combat price increases is by raising income.

Dr. Ghali said he expected the economic climate to improve in view of continued efforts to reform.

(source :Al-ahram Al-massai)

 

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Increase in salaries at a rate far higher than the inflation rate experienced in the market