Opposition urges gov’t to carefully monitor public sector salary to GDP ratio
Opposition Spokesman on Finance Julian Robinson says the government has to manage the pace at which salaries grow in relation to economic growth.
He was reacting to a recent suggestion to cap wages and salaries at a percentage of the country’s Gross Domestic Product (GDP).
The proposal was made by the outgoing president of the Economic Programme Oversight Committee (EPOC) Keith Duncan.
At the final quarterly meeting of EPOC, Mr. Duncan said wages and salaries accounted for 12.8% of the GDP this year. An increase from 9% in April last year.
This was due to the new compensation system implemented by the government.
Mr. Robinson says he understands the principle of the proposal.
The spokesman says he does not believe the intention was to impact current negotiations.
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