According to the finance minister, the government should stop the real growth of salaries in the public sector as one of the ways to stabilise the country’s finances in the wake of the coronavirus pandemic. The comments come as the state budget is set to repeat or even exceed last year’s record deficit because of an expanded fiscal stimulus. Rapid growth in salaries since 2015, led by increases in the public sector, has boosted consumption and kept inflation above the central bank’s 2% target for the past two years.
Read on: in English.
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