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>20pc hike in govt staff salary on cards

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>BANGLADESH government is going to increase the salaries of its employees by around 20 percent in the next fiscal year considering the price hike of essentials, Rezaul Karim Byron reported in The Daily Star. (Click for full report)
It will also raise the funds for the safety net programmes for the poor to Tk 9,000 crore. The revised budget of the current fiscal year allocated around Tk 4,000 for this purpose.
However, officials said it is not yet certain whether the increase will be on the gross or the basic salary of the public servants.
“The preliminary estimation shows that the government will have to spend Tk 3,210 crore in addition to its current spending in the next budget for increased salaries of public sector employees,” a finance ministry official told The Daily Star.
The current budget has allocated Tk 13,510 crore for the pay and allowances of government employees.
The plan to increase the salaries of the government employees can be seen as a result of the recent hike in prices of food and other commodities, which has subsequently raised the overall living expenses.
The expansion of the safety net programme funds will be to the tune of around 1 percent of the GDP (gross domestic product) compared to the last budget.
The government hopes the expansion will secure new employment to 20 lakh poor people, who will receive cash payments for undertaking local public work projects.
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