The Government of Grenada is reinforcing the rationale for its proposed deferral of the 4% wage\/salary increase due to\u00a0 public officers for 2021.<\/p>\n
The increase will add $13.2 million to the public sector wage bill, at a time when the\u00a0 Government is facing a significant drop in revenue, due to the economic impact of the\u00a0 COVID-19 pandemic.<\/p>\n
In response to recent public pronouncements by one of the trade unions attempting to justify\u00a0 the demand, Government outlines the five main reasons why the deferral is necessary.<\/p>\n
It is important to note that the Government did not initiate the buyback of GRENLEC. This\u00a0 was mandated by a court ruling following legal proceedings initiated by WRB, based on the\u00a0 provisions of the 1994 Share Purchase Agreement which allowed the company to claim\u00a0 force majeure due to changes to the operational environment of the energy sector.<\/p>\n
Further, the money used for the GRENLEC repurchase was taken from allocations for\u00a0 capital projects. This money was provided largely through grants and soft loan funding and\u00a0 any attempt to use this for recurrent expenditure, will make the country ineligible for future\u00a0 support of this nature.<\/p>\n
The fact that Government has been forced into this unplanned expenditure, at a time when\u00a0 revenue earnings are lower than expected, further undermines its inability to manage a\u00a0 larger wage bill at this time.<\/p>\n
The public should also know that moves were already being made to garnish Government\u2019s\u00a0 assets, both at home and abroad, which had the potential to affect Government\u2019s ability to\u00a0 pay salaries or conduct any business whatsoever.<\/p>\n
Additionally, given the level of pain and suffering being experienced by those who are\u00a0 unemployed as a result of the pandemic, Government has the additional responsibility of\u00a0 providing some measure of economic support for them.<\/p>\n
The Government of Grenada recognises its obligation to honour the collective labour\u00a0 agreement that provides for the wage\/salary increase but the economic fallout from COVID 19, is putting a strain on the country\u2019s coffers at this time and therefore provides justification\u00a0 for the deferral.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Government of Grenada is reinforcing the rationale for its proposed deferral of the 4% wage\/salary increase due to\u00a0 public officers for 2021. The increase will add $13.2 million to the public sector wage bill, […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":7907,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2,39],"tags":[],"class_list":{"0":"post-7977","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-government-news","8":"category-local-news"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/01\/asx-dividend-share.jpg?fit=2000%2C1125&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"rttpg_featured_image_url":{"full":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/01\/asx-dividend-share.jpg?fit=2000%2C1125&ssl=1",2000,1125,false],"landscape":["https:\/\/drealfmgrenada.com\/wp-content\/uploads\/2021\/01\/asx-dividend-share.jpg",2000,1125,false],"portraits":["https:\/\/drealfmgrenada.com\/wp-content\/uploads\/2021\/01\/asx-dividend-share.jpg",2000,1125,false],"thumbnail":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/01\/asx-dividend-share.jpg?resize=150%2C150&ssl=1",150,150,true],"medium":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/01\/asx-dividend-share.jpg?fit=300%2C169&ssl=1",300,169,true],"large":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/01\/asx-dividend-share.jpg?fit=1024%2C576&ssl=1",1024,576,true],"1536x1536":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/01\/asx-dividend-share.jpg?fit=1536%2C864&ssl=1",1536,864,true],"2048x2048":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/01\/asx-dividend-share.jpg?fit=2000%2C1125&ssl=1",2000,1125,true],"mh-magazine-slider":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/01\/asx-dividend-share.jpg?resize=1030%2C438&ssl=1",1030,438,true],"mh-magazine-content":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/01\/asx-dividend-share.jpg?resize=678%2C381&ssl=1",678,381,true],"mh-magazine-large":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/01\/asx-dividend-share.jpg?resize=678%2C509&ssl=1",678,509,true],"mh-magazine-medium":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/01\/asx-dividend-share.jpg?resize=326%2C245&ssl=1",326,245,true],"mh-magazine-small":["https:\/\/i0.wp.com\/drealfmgrenada.com\/wp-content\/uploads\/2021\/01\/asx-dividend-share.jpg?resize=80%2C60&ssl=1",80,60,true]},"rttpg_author":{"display_name":"adminrfm","author_link":"https:\/\/drealfmgrenada.com\/index.php\/author\/adminrfm\/"},"rttpg_comment":0,"rttpg_category":"Government News<\/a> Local News<\/a>","rttpg_excerpt":"The Government of Grenada is reinforcing the rationale for its proposed deferral of the 4% wage\/salary increase due to\u00a0 public officers for 2021. The increase will add $13.2 million to the public sector wage bill, [...]","_links":{"self":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts\/7977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/comments?post=7977"}],"version-history":[{"count":1,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts\/7977\/revisions"}],"predecessor-version":[{"id":7978,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/posts\/7977\/revisions\/7978"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/media\/7907"}],"wp:attachment":[{"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/media?parent=7977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/categories?post=7977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drealfmgrenada.com\/index.php\/wp-json\/wp\/v2\/tags?post=7977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}