MISCHIEF? WAGE CRISIS ;AN EXPERTS PERSPECTIVE: There is no compelling evidence that our public wage bill is in the order of 13 per cent of GDP. Neither is it growing unsustainably. All the published figures show it growing by less than GDP. It is conceivable that there was a sharp jump in the current year due to devolution, but that would be an expected one off, not change of trend. The only figures that show the numbers of the magnitude the public is being fed were numbers presented by the Treasury to the SRC for the purpose of demonstrating the unaffordability of the wage demands that MCAs and others were pushing for. That the veracity of the numbers is doubtful is indicated by the fact that the Budget Policy Statement produced by the same people does not convey the same imperative and urgency. In fact, the Budget Policy Statement may just have given the game away. #Dr Ndii, Managing Director, Africa Economics
Posted on: Sun, 16 Mar 2014 13:00:50 +0000
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