Egypt's President Abdel Fattah el-Sisi said he will donate half of his personal wealth and half of his salary to help the country's crippling economy, the improvement of which he said requires sacrifices from all Egyptians.
Sisi also said he asked the government to amend a newly drafted budget - the largest in Egypt's history at $115bn - because it had a deficit he said was unacceptable. The draft budget kept Egypt's budget deficit hovering around 12 percent.
El-Sissi said Gulf aid to Egypt in the past months, estimated around $20bn, won't last.
"I am telling you, there must be real sacrifices from every Egyptian," he said.
To set an example, Sisi said he will donate half of his personal wealth and half of his salary to the country. The monthly salary for the president is set at $6,000.
He appealed to wealthy Egyptians to do same, saying a bank account he would oversee would go to help Egypt's myriads of problems.
The size of Sisi's personal wealth was subject to speculation around the time of his nomination for elections when he was required to divulge it to the election commission confidentially.
A local newspaper published a report estimating his wealth at $4.2m, including inheritance from his father. But the paper later retracted amid reports of criticism from the military for publishing it.