Co-Chair of the Economic Programme Oversight Committee, EPOC, Keith Duncan, says the government doesn’t have enough fiscal room to offer public sector workers more than the 6-percent salary increase they’ve already offered over the next two years.
He says even if the government meets its growth projections, this will bring them right on target to meet the IMF commitment of bringing wages within 9-percent of GDP by next year.
Mr. Duncan says it’s important for the government to meet the IMF target because the country’s credibility is on the line.
Meanwhile, Financial Analyst Colin Steele is suggesting that the government think outside the box in offering workers better compensation.
He says the government could consider offering lower level workers a higher increase than their better-paid counterparts.