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Egypt's new President Abdel-Fattah al-Sisi pledged Tuesday to give up half his salary and property and called on the Egyptian people to make similar sacrifices in a bid to prepare the public for a period of painful economic austerity.The aid has kept the Egyptian economy from sinking but Sisi said the country could not keep turning to its lenders and donors forever and would have to take difficult cost-cutting measures in order to balance its books.Speaking in the Egyptian dialect, Sisi proposed to lead by example, giving up some of his own pay and vowing to apply a salary cap for higher earners in the public sector.Sisi called on Egyptians inside and outside the country to make personal sacrifices for the greater good, and said the demands of vested interests or individual factions would no longer be pandered to.Sisi ousted elected Islamist President Mohammad Morsi in July 2013, following mass protests against his rule.Sisi's speech is likely to be welcomed by the business community, which has long called for Egypt's economic challenges to take center stage in policymaking.
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