“Salaries, Wages and Related Benefits” Reached $1.92B by August 2014

According to the Ministry of Finance (MoF), “Salaries, Wages and Related Benefits”, which mainly includes the cost of basic salaries, allowances and indemnities, increased by 2.35% in the two thirds of 2014, to $1.92B compared to the same period in 2013 at $1.86B. Salaries and wages, which constitute the largest component of the government primary expenditure, saw its share rise from 28% to 30% by August 2014.

Basic salaries, which owned up to 74.49% of “Salaries, Wages and Related Benefits”, augmented by 2.99% years on year (y-o-y) by August 2014. This was mainly driven by the respective rises of 5.22% in salaries of “Military personnel” (64.16% of total salaries) and 0.92% “Education Personnel” (25.41% of total salaries), totaling $909.45M and $360.20M. However, it was partly offset by the 4.97% decrease in salaries for “Civil Personnel” (10.48% of total salaries) to $148.59M.

On the other hand, “Allowance” and “Indemnities” declined by respective 5.15% and 4.14% to $256.71M and $92.21M. The former downturned because of the 19.61% plunge in “Allowances for the Army” while the latter shrunk due to the 14.58% decline in “Indemnities for Education Personnel” during Jan-August 2014.

 

Basic SalariesTotal
Jan-Aug 2013Jan-Aug 2014Jan-Aug 2013Jan-Aug 2014
Military Personnel              864.34              909.45          1,167.50          1,200.66
Army             552.57             578.44             749.59             742.29
Internal Security Forces             250.08             260.03             334.33             360.20
General Security Forces               53.73               55.06               63.02               75.62
State Security Forces               14.59               15.26               20.56               22.55
Education Personnel             356.88              360.20              389.39              395.36
Civil Personnel , of which             155.22              148.59              204.31              199.00
Employees Cooperative               77.61               92.21
Customs Salaries               20.56                16.58
 Source: Ministry of Finance

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