Govt Commits to Low Inflation as Part of 4-yr Negotiating Cycle

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State Minister for Finance and the Public Service, Fayval Williams, says trade unions should take comfort in the fact that the government has committed to keeping inflation in the range of 4 to 6 percent in the medium term.

Some unions are refusing to agree to a four-year wage contract with the government, partly because of what they say is uncertainty regarding inflation.

However, Mrs. Williams says there’s a clause in the wage contract that allows unions to renegotiate with the government if inflation goes over 6-percent.

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Inflation for the fiscal year 2017/18 is expected to be 4.4-percent when the year ends on March 31.

Meanwhile, the State Minister says if the government accedes to the demands of unions that have yet to sign onto a wage deal, it will impact the agreements with the four unions that have already signed.

Those who have agreed are the Jamaica Confederation of Trade Unions, JCTU; Jamaica Enrolled Nurses Association; the Academic Staff Association of UCASE; and the Jamaica Medical Doctors Association, JMDA.

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