The State's total personnel cost including social benefits, retirement and end of service indemnities, surged by 18 percent in 2018 to $6.4 billion, according to the Ministry of Finance (MoF).
The cost grew by a compound annual growth rate of 8.4 percent over the period 2011-2018.
The $1 billion jump in costs seen in 2018 was mainly driven by the new salary scale granted to public sector employees in August 2017 and which took full effect in 2018. The salary scale only had a partia...
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The cost grew by a compound annual growth rate of 8.4 percent over the period 2011-2018.
The $1 billion jump in costs seen in 2018 was mainly driven by the new salary scale granted to public sector employees in August 2017 and which took full effect in 2018. The salary scale only had a partia...
Article details
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