Minister of Finance Winston Jordan on Wednesday announced that the new minimum wage for public servants will be $70,000 and the retroactive salary increase from January this year will be tax-free.
The Finance Minister made the announcement during an interview on the National Communications Network’s (NCN) radio programme ‘Insight’.
He said that Cabinet met on Tuesday, deliberated on his proposals and subsequently accepted it.
The current minimum wage for public servants is $64,200 while it stands at $44,200 for the private sector.
According to Jordan, more details on a salary increase for public servants will be announced on Thursday during a post-cabinet media briefing by Director General of the Ministry of the Presidency Joseph Harmon.
The salary increase for public servants this year will take the overall increase to an all-time high of 75%.