EPOC urges acceleration of public sector wage negotiations
The Economic Programme Oversight Committee (EPOC) has joined in calls for the Government to quicken the pace to conclude wage negotiations with public sector unions.
EPOC notes that following its second review of Jamaica’s programme with the International Monetary Fund, earlier this month, the IMF staff stated that delayed public sector wage negotiations pose significant budgetary risks.
EPOC says it agrees with the assessment and continues to monitor plans and imperatives that support the target of Wages and Salaries representing no more than nine per cent of the Gross Domestic Product in the 2018/19 fiscal year.
The government and unions have been at odds over the delayed wage negotiations and the government’s refusal to increase its wage offer.
The government has proposed a six per cent increase over two years.
It’s to meet with the unions representing rank and file cops and the island’s teachers tomorrow, with workers expecting an improved offer.
In the meantime, EPOC says Jamaica continues to meet its macro fiscal targets.