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Mar 7, 2014

P.M. Says Details of Salary Adjustment are being finalized

Dean Barrow

Prime Minister Dean Barrow prefaced his budget proposals section of the presentation today by stating that the priorities can be summed up in three words – Additional Social Protection. And with that said, he launched immediately into news for teachers and public officers. That news is that the numbers crunchers in the Ministry of Finance and the unions will soon be finalizing a quantum, which is more than five percent.

 

Dean Barrow, Prime Minister

“While this proposal did not meet with the full concurrence of all those comprising the staff side, in particular the leadership of the BNTU, the government maintains that it is fair and generous and the best it can responsibly do. The fact is that with such a formula government is taking substantial risks, as government is in effect making a permanent commitment against what could well turn out to be only a temporary rise in revenues. As the outturn numbers suggest, though, for this year at least there appears to be an increase of almost $44 million between FY 2012/2013 and fiscal year 2013/2014. Applying the framework, we then needed to set aside some $22 million toward the salary adjustment. And this is precisely what we have done. We have allocated the sum of $22 million in the Capital II Budget of the Ministry of Finance only for this purpose. Mr. Speaker, the Ministry of Finance officials and the unions are due to meet shortly to hammer out more precisely what rate of increase such a sum will yield, as there is still some estimation to be done with respect to the salary-related transfers. But at this point in time, it is safe to say that the increase will be a minimum of 5 percent for the

first year.”

 

The projected salary adjustment and annual salary increments will total close to thirty-four million this year. 

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2 Responses for “P.M. Says Details of Salary Adjustment are being finalized”

  1. Ali BaBarrow protects his 40 says:

    P.M. Says Details of Salary Adjustment are being sanitized.

    Passport problem solved.
    Hulse gets elected dog catcher, now officially elected to something.
    Bootyman in check, no further diplomatic incidents.
    Mello is being Mello, screw Interpol.
    Citizen Kim coming to his fairy tail homeland.
    Rosewood logs and belikin beer for all!
    Tourist arrested for stick of weed, $1000 fine, bond debt solved.
    Rasta arrested for selling stick of weed, life imprisonment, justice served.

  2. Lord LOL says:

    ehh government will get some back in form of taxes.

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