The Salaries and Remuneration Commission (SRC) announced Wednesday evening that the proposed increment of salaries for all state officers has been put on halt.
SRC Chairpseon Lyn Mengich, in a statement noted that the decision was arrived at after extensive talks with the National Treasury
“In consultation with the National Treasury, SRC freezes the upward review of salaries for all State officers, and will review the advice for all other public officers, taking into account the current realities of the economy, a reduced budget and existing contractual commitments, so as to ensure affordability and fiscal sustainability of the wage bill,” she said
Mengich says her commission is conscious of the need to ensure prudent fiscal sustainability of the public wage bill and has consistently taken measures towards ensuring that public service operates within the prescribed affordability limits.
As a result, the SRC boss indicated that there have been notable positive changes especially as far as the wage bill is conscerned.
“The wage bill has come down from 54.77 per cent of revenue in 2020/2021 to 46.64 per cent in 2022/2023. The wage bill is expected to further decline to 35 per cent by 2028,” said the SRC Chairperson