WAGE NEGOTIATIONS
Cash sweetener for public servants to cost R18bn
Extra funds will have to be sliced from departmental budgets, says Treasury
06 July 2021 - 05:09
The cash offer to government employees, which was improved upon last week, will cost the government about R18bn that has not been budgeted for and will have to be sliced from departmental budgets to avoid busting the fiscal framework, says the Treasury.
Economists and ratings agencies are closely watching the negotiations around public service salaries, because reining in the wage bill is seen as key to stabilising government finances...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.