South Africa: Public sector wage bill set to increase further
The South African government has been struggling to rein in the public sector wage bill in the past. This seems to be the case again this year as National Treasury already extended an offer that will exceed its own budgeted figure for FY 2021/22. We examine what impact this offer will have on the fiscus.
What you will learn about:
- Wage bill increases in the past have exceeded inflation comfortably
- Labour unions came out swinging with double-digit demands
- Fiscal deficit to widen with current offer on the table
Tags:
Related Services
Post
Trump policies provide tailwinds for industries, with exceptions in Japan
We expect the impact of Trump policies will be a net positive for Japan. The boost from higher import demand due to expansionary fiscal policies will likely overwhelm the adverse impact of targeted tariffs on Japan. The US is Japan's biggest goods export destination, accounting for 20% of total. Most traded items such as machinery and automotives are set to benefit from higher investment demand and consumer spending.
Find Out More
Post
Alberta’s success at attracting migrants is building pressures
Alberta's population has grown rapidly over the last three years, driven by a surge in international migration.
Find Out More