IMF urges sharper measures to cut wage bill

Tuesday, July 15, 2014

The International Monetary Fund (IMF) has advised Government to put in place clearer measures to reduce the wage bill, which continues to increase.

Despite a 2011 resolution to cut the public service wage bill by five percent annually, the amount that government spends on salaries has continued to rise over the years.

Statistics show that despite a modest 3.6 percent increase in total employment to 131,033 public servants from 2010 to 2013, the actual wage bill rose by 57 percent to P14.55 billion in the period.

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IMF urges sharper measures to cut wage bill

The International Monetary Fund (IMF) has advised Government to put in place clearer measures to reduce the wage bill, which continues to increase.

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