1.5% Salary Increase for Public Employees and Forecasts for the Public Payroll
October 9, 2024
The Government plans to grant a 1.5% raise to public sector employees, but the Ministry of Finance claims the cost will be modest. Expenditures on salaries are expected to decrease by about 1% in 2025, mainly due to pension restructuring. In the following years, spending is projected to increase again, raising concerns about the sustainability of the public payroll. The Government intends to implement structural changes to enhance productivity and competitiveness in the public sector.