Govt wage bill to hit $3,7bn after salary hikes
GOVERNMENT’S wage bill is seen growing by 16% this year to $3,7 billion, rising to $3,9 billion next year and pushing the budget deficit to nearly 14% of the gross domestic product (GDP), government projections show.
Zimbabwe already spends 80% of its budget on salaries for government workers, who received a raise of 17,5% from July, adding a further $500 million to the wage bill this year, from an original projection of $3,2 billion.
“While we had estimated employment costs for 2018 at around $3,2 billion, the projected out-turn indicates a total expenditure of employment cost of $3,7 billion. We expect gradual increases in 2019 to about $3,9 billion. Read more