The government is planning a big increase in salaries for civil servants in the next budget. According to officials, the aim is to raise morale and improve efficiency in the public sector. The proposal includes a salary increase of up to 15 percent for some workers. This would be the first major salary increase for civil servants in several years. Stay tuned for more information as they become available.
The government has recently announced its plans for the upcoming budget, and it includes some good news for employees and pensioners. Salaries and pensions are set to increase, although the exact amount has not yet been determined. This is a welcome relief for many people who have been struggling to make ends meet, especially during the current economic downturn. The government has also announced plans to invest more money in infrastructure and education. This is a good move, as it will create jobs and help boost the economy. The budget is still being finalised, but it is clear that the government is trying to improve the lives of its citizens.
The government has prepared three proposals concerning the federal budget and salaries/pensions for its employees. The first proposal includes a 5-15% increase in wages, which will be subject to approval by IMF; another one proposes an ad hoc allowance worth up 10%.
Budget 2022-2023: Govt to Raise salaries, pensions of employees
The government has announced that it will raise salaries and pensions for employees in Budget 2022-2023. The move will benefit around 30 lakh central government employees and 60 lakh pensioners. The hike is in line with the recommendations of the Seventh Pay Commission, which had proposed a 2.57 per cent increase in salaries and pensions. It is also expected to put more money into the hands of consumers and boost spending, which will help revive the economy. The government has also announced a number of other measures to boost the economy, including a Rs 1.10 lakh crore package for infrastructure development and a Rs 3 lakh crore credit guarantee scheme for small businesses. With these measures, the government is hoping to spur growth and create jobs in an economy that has been hit hard by the Covid-19 pandemic.
The government has decided to raise the salaries and pensions of its employees in the next financial year. Finance Minister Ishaq Dar made the announcement while presenting the budget for the next fiscal year in parliament on Friday. He said the government will provide a 10 per cent ad hoc relief allowance to all employees in addition to their regular salaries. Dar said the government is also increasing the pension of retired employees by 10 per cent.
The minister said the government will also provide a Rs5,000 monthly stipend to 1.6 million disabled persons across the country. Dar said the government has allocated Rs1 billion for the construction of special schools for disabled children. He said the government is also allocating Rs10 billion for the Prime Minister’s National Health Insurance Scheme. The finance minister said the government has allocated Rs100 billion for the construction of roads and highways in the next fiscal year. Dar said the government will also provide interest-free loans of up to Rs1 million to small businesses and entrepreneurs. The government has also allocated Rs10 billion for the construction of low-cost housing units in the next fiscal year.
The government has decided to raise the salaries and pensions of its employees by 15% to 20%, according to reports. Finance Minister will present the federal budget for the upcoming fiscal year on Friday. The government is also reportedly planning to provide a subsidized loan of Rs30,000 to low-income families. The government is also said to be working on a scheme to provide free healthcare facilities to the poor. Reports also suggest that the government is planning to increase the amount of Zakat and Ushr by 2.5%.