Egypt Independent

CAPMAS: Wages in government economic institutions and public companies increase by 13% in 2013/2014



The wages in the government economic institutions and public companies increased by 13 percent to reach LE18.4 billion (US$2.4 billion) in 2013/2014, versus LE16.3 billion in 2012/2013, according to a government report released on Wednesday.
 
Meanwhile, the value of Production Requirements reached LE208.2 billion in 2013/2014 versus LE148.8 billion in 2012/2013, which represents an increase of 39.9%. According to Central Agency for Public Mobilization and Statistics (CAPAMS), said in report of "Annual Statistics and economic indicators in government economic institutions and public companies 2013/2014" that this increase is due to a rise in production.
 
Moreover, the value of capital additions to fixed assets reached LE37.6 billion in 2013/ 2014 versus LE36.2 billion in 2012/2013, an increase of 3.7%.
 
Also, the value of full production cost reached 9.8 billion in 2013/ 2014, versus LE8.2 billion in 2012/2013, which translates into a 18.7% increase.
 
There are 50 government economic institutions and public companies in Egypt; some of them have a separate budget from the states. They are tasked with providing basic services and commodities to citizens (petroleum, water, transport), as well as consultancy for projects.