Public Personnel Costs Rose by a Yearly 5% to $4.70B by December 2015

According to the Ministry of Finance, personnel costs rose by a yearly 5.25% to $4.70B by December 2015. The rise in personnel salaries was justified by a 4% year-on-year increase in salaries, wages and related benefits, a 16% rise in transfers to public institutions to cover salaries, a 5% and 23% growth in retirement salaries and end of service indemnities, respectively.

Personnel costs constitute the highest share of current primary expenditures, which increased from 56% by December 2014 to 67% by December 2015. As such, this consistent growth is the result of more hiring of military personnel and lower base in current primary expenditures which fell by 11% from 2014 to $7.33B in 2015.

Breakdown of Salaries, Wages and Related Benefits in 2015 (in $M)

20142015% change
Military Personnel       1,805.0       1,922.46.50%
Education Personel           638.1           661.43.64%
Civilian Personnel           301.2           309.12.64%
Government Contribution to Employees Cooperative           214.3           179.1-16.41%
Customs Salaries             25.2             24.5-2.63%
Total       2,985.7       3,097.23.73%

Source: Ministry of Finance

 

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