PM Briceño to go ahead with Salary Cuts and Increment F

PM Briceño to go ahead with Salary Cuts and Increment Freezes


Apr 7, 2021
PM Briceño to go ahead with Salary Cuts and Increment Freezes
Prime Minister John Briceño issued a late evening statement saying it is absolutely critical that G.O.B. carry out the public service salary cuts and increment freezes. The Prime Minister described the consultations with the Joint Unions as full frank and courteous. He says his administration took a close look at every aspect of Government’s revenue and expenditure in preparing the 2021/2022 budget, with a view to righting the ship of state. To do this, on Friday he will propose a thirty-one percent cut on the purchase of goods and services by the Government compared to the last budget. This proposal is expected to reduce expenditure by seventy-seven million dollars. Furthermore, a proposal will be made to cut subsidies and transfers by ten percent when compared to the last budget. This is expected to reduce expenditure by nineteen million dollars. Additionally, PM Briceño says his administration expects to negotiate substantial saving, upward of 50 million dollars, on the super bond.

Related Keywords

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