Monday, April 22, 2024

DOC: CUT WAGE BILL

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AS THE MAJOR TRADE UNIONS drag Government over the coals and threaten a national shutdown because of soaring taxes, a former Central Bank governor says it is the size of the public sector that is the single biggest problem facing the country.

Government has been borrowing hundreds of millions of dollars annually over the past nine years to pay nearly 20 000 civil servants and maintain the operation of 60 state entities.

Dr DeLisle Worrell, who was fired by Minister of Finance Chris Sinckler last February after long-running battles with the bank’s board of directors, is giving the same warning he gave while governor: Government is too big and the expenses associated with a large public sector must be cut. (GE)

Please read the full story in today’s Daily Nation, or in the eNATION edition.

 

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