By Bida Elly David<\/p>\n
<\/p>\n
The newly appointed national minister of finance and economic planning has technically disagreed with the national parliament over 600% salary increment for civil servants.<\/p>\n
In a statement seen by No. 1 Citizen Daily Newspaper yesterday, Minister Bak Barnaba Chol said in his submission that the proposed structure of SSP 669 billion won\u2019t work due to scarcity of resources.<\/p>\n
“The proposed increment of salaries and wages from 400% to 600% by the TNLA as a remedy for the current economic conditions is a popular demand of our people, but to realize this ambition, we must have sufficient revenues,” he said.<\/p>\n
Minister Bak also appealed for a reversion to the initial 400% salary increment.<\/p>\n
The minister commended the lawmakers for having proposed the salary increment as a popular demand but argued that it wouldn\u2019t materialize.<\/p>\n
“I want to reiterate that the proposed increment of 400% is what is attainable and sustainable for our nation and the people,” Bak emphasized.<\/p>\n
He underscored that the ministry of finance has not objected to the parliamentary increment, noting that it should be a gradual rise, not a fast one.<\/p>\n
The finance minister stressed that the recent proposed increment would result in serious inflation since there would be sufficient currency in circulation in the market.<\/p>\n
“The increment should be gradual, not abrupt, as this can lead to inflation. So, this proposal by the TNLA should be done in a subsequent fiscal year,\u2019\u2019 Bak lamented.<\/p>\n
Dr. Bak, who was baptized by fire, did not take into consideration the pressure he awaits from the lawmakers over the budget.<\/p>\n
He noted that the proposed allocation of 400% of the salaries by the ministry of finance was based on the available revenues that the government would generate.<\/p>\n
“The goal is not sustainable in the long run, and we do not want to give false hope to our people. The 400% wage and salary increase proposed by the ministry of finance should be maintained,” he lamented.<\/p>\n
The minister called on the lawmakers to comply with his appeal before the budget reaches its final reading stage in parliament.<\/p>\n
However, John Agany, the spokesperson of the transitional national assembly, told No. 1 Citizen Daily Newspaper<\/em> that Minister Bak is not free to decide on the budget, noting that he should wait for the sitting.<\/p>\n Agany said the parliament only gave Minister Bak time to familiarize himself with the financial document (budget draft) upon request.<\/p>\n He added that Minister Bak\u2019s appointment happened at a critical moment when the budget has been placed for debate.<\/p>\n","protected":false},"excerpt":{"rendered":" By Bida Elly David The newly appointed national minister of finance and economic planning has technically disagreed with the national parliament over 600% salary increment for civil servants. In a statement seen by No. 1 Citizen Daily Newspaper yesterday, Minister Bak Barnaba Chol said in his submission that the[Read More…]<\/a><\/p>\n","protected":false},"author":2,"featured_media":16709,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,79],"tags":[],"class_list":["post-16708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-news"],"jetpack_featured_media_url":"https:\/\/www.onecitizendaily.com\/wp-content\/uploads\/2023\/08\/Minister-1.jpg","_links":{"self":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts\/16708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/comments?post=16708"}],"version-history":[{"count":1,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts\/16708\/revisions"}],"predecessor-version":[{"id":16710,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/posts\/16708\/revisions\/16710"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/media\/16709"}],"wp:attachment":[{"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/media?parent=16708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/categories?post=16708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.onecitizendaily.com\/index.php\/wp-json\/wp\/v2\/tags?post=16708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}