Saturday, December 4, 2010
Despite Global financial crisis public servants to receive 5% pay increase.
The Government of Guyana yesterday approved a five percent across the board salary increase for all public servants and members of the disciplined services with effect from
January 1, 2010. The five percent increase will also be paid to all Government pensioners. Teachers, who were previously paid a five percent increase from January 2010, in accordance with their 2006-2010 multiyear agreement, will be paid an additional one
percent in lieu of the performance incentive contemplated by that agreement. That agreement is now in its final year of implementation.
This decision by Government is taken against the background of a year in which countries across the Caribbean and beyond have been confronting severe fiscal challenges.
These challenges have resulted in significant job losses in many jurisdictions, wage freezes, and even voluntary wage cuts to save jobs.
In Guyana, the Government has continued to implement prudent macroeconomic policies aimed at protecting the stability of the economy, and ensuring that worker interests
Instructions are being issued to the relevant officials in the ministries to ensure that steps are taken to process the payout as soon as possible.