Politics
Egypt to Offer Incentives to Integrate Informal Workers into Formal Economy
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Egypt to Offer Incentives to Integrate Informal Workers into Formal Economy
Prime Minister Mostafa Madbouly announced a package of incentives to encourage informal workers to join the formal social insurance system.
- Madbouly said the government is preparing incentives to encourage informal workers to join the social insurance and protection system.
- He stated that the government reviewed successful models, including India's, which used health insurance and pension incentives.
- Madbouly emphasized that the goal is not to impose new taxes or fees but to integrate workers into the formal economy.
- He said the government has been tasked with preparing incentives to enhance social protection and expand the beneficiary base.
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