JIS News

Amidst fears of possible unemployment as a consequence of the International Monetary Fund (IMF) agreement, Prime Minister, the Hon. Bruce Golding has given the assurance that Government is determined to avoid job cuts in the public sector.
“There are going to be some serious expenditure cuts this year…We do not propose in those cuts to make any worker redundant,” he said.
Speaking recently on CVM’s programme, ‘Direct’, Mr. Golding explained the approach to be taken by his administration. “Our public sector wage bill is now some 10.8 per cent of Gross Domestic Product (GDP). Our commitment over the medium term (three years), is to get that percentage down to below nine per cent; nothing above nine. Any wage adjustment during that period will have to be consonant with that target,” he pointed out.
The Prime Minister said Union representatives of the public sector workers have been informed that due to what is happening, a seven per cent increase in salaries will not be possible. However, no worker in the public sector will be made redundant.
Mr. Golding pointed to attrition and growth in the GDP as areas he hopes will bring the public sector wage bill to the prescribed target. He noted that this year will be one of negative growth that will spill over to the first half of next year, but that he believes possible growth will be achieved by 2011.

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