Treasury seeks to buffer front-line services from effect of wage deal
Extra funds allocated to help cover budget shortfall created by 2023’s wage deal
01 November 2023 - 16:48
UPDATED 01 November 2023 - 17:45
The Treasury has sought to protect the provision of front-line services by allocating extra funds to help cover the budget shortfall created by 2023’s wage agreement for public servants.
The 7.5% wage deal reached by the state with unions in April came in higher than the Treasury anticipated in the February budget, a development it estimated would cost the government an extra R37.4bn above the compensation budget set aside for 2023/2024...
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