Goeffrey Nolting | The return on investment of the public sector wage bill | City Press

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France Dernières Nouvelles,France Actualités

National Treasury is in a difficult position – it needs to balance the interests of fiscal consolidation and sustainability with the salary expectations of the public sector’s staff contingent, writes Goeffrey Nolting

For some time, there has been considerable attention given to the size and rate of growth of government’s wage bill. Compensation of employees has been one of the fastest-growing government expenditure items.

From 2010/11 to 2021/22, the public sector wage bill grew by an average rate of 7.2% per year, while inflation averaged 5% over the same period.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

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France Dernières Nouvelles, France Actualités