News
Market
Jobs
About
Contact
List Product
Register
Login
Generate
WhatsApp Message
*Government Says It Will Not Resort To Retrenching Civil Servants To Trim Wage Bill* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?vw Permanent secretary in the Ministry of Finance and Economic Development George Guvamatanga said that the government is not planning to retrench some of its employees. The government has announced in the past that it is embarking on a restructuring service in order to trim its unsustainable wage bill. According to some reports wages in the civil service gobble up to 90% of the national budget and the government fund its expenditure by borrowing on the local capital markets. Guvamatanga said > We actually need a very strong financial base if ever we are to consider that (retrenchment)… Even if you work it in terms of what is regarded as a normal payback period, any retrenchment for it to be viable you should be paid back in two years and this kind of structure does not pay back in two years. So it is not viable for Government at the moment and neither is it sustainable for the Government to consider a redundancy. *More: Herald* itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Give us Feedback
Full Name
WhatsApp Number
Feedback
Submit
Feedback