JOHN DLUDLU: Covid-19 gives impetus to plans for public sector wage cuts 🔒
19 May 2020 - 16:31
The 2020/2021 budget speech delivered by finance minister Tito Mboweni in February has, like most other plans, been upended by the Covid-19 pandemic. In just a little more than a month he will unveil fresh plans for the government to finance the emergency budget to save lives and livelihoods during and after coronavirus.
Among other things, in the February speech Mboweni proposed cutting the public service wage bill by about R160bn over the medium term. He went on to say that “the employer has tabled an agenda item on the management of the public service wage bill at the Public Service Co-ordinating Bargaining Council ... the focus is to discuss containment of costs in the final phase of implementation of the current wage agreement. We aim to save R37.8bn in the next financial year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Acsa reveals that government support of up to R3bn may be required in next 3 yearsAcsa reveals that government support of up to R3bn may be required in next 3 years | IOLTravel
Read more »
When Covid-19 finally hits the road, deadly traffic safety issues will remainVehicle accidents in SA cause almost 32 fatalities per 1,000 and cost the country an average of R163bn annually, according to the WHO
Read more »
ECONOMIC WEEK AHEAD: Hefty rate cut expected as Covid-19 threat continuesThe Reserve Bank could cut interest rates by as much as 100 basis points in the week ahead
Read more »
Govt responds after public criticism of COVID-19 strategyProfessor Glenda Gray called the government's risk-adjusted COVID-19 strategy 'unscientific.'
Read more »
Mumbai races to convert public venues to Covid-19 wardsFinancial hub in India readies for treating 75,000 cases during predicted infection peak
Read more »
Gauteng's Covid-19 cases rise to 2,343, with 26 deathsGauteng has recorded 2,343 Covid-19 cases, with 1,671 recoveries and 26 deaths.
Read more »