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.