Elimination of Memorandum Cuts for Public Employees in 2025
November 10, 2024
In 2025, there will be no memorandum cuts to public sector benefits, and salary adjustments will be based on the Cost of Living Allowance (COLA). The COLA for 2024 is expected to be 66.7%, with no negative economic growth anticipated. However, officials emphasize the need to link the COLA with economic growth. General salary increases are not expected for 2025, but memorandum cuts will be eliminated.