Saturday 15 December 2018

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Economy | Finance

Is it possible to implement 7th Pay Commission in Goa?

 

Is the Goa government in a position to implement the 7th Pay Commission for its employees, when elections are close but the economy is in shambles?

Because the annual financial burden of the 7th Pay commission would be around Rs 750 crore.

Goa has around 56,000 employees on its pay roll while around 28,000 are pensioners.

The existing monthly financial burden is Rs 200 crore towards salaries and Rs 50 crore for pension.

It means Goa spends annually Rs 3000 crore on salaries and pensions.

Sources in the Goa Secretariat revealed to goanews.com that implementation of 7th Pay commission would mean Rs 50 crore towards salaries and Rs 12 crore for the pension, monthly.

It means the annual burden would be Rs 744 crore.   

 

Sources also said the figure includes salaries to aided institutions in education sector but not the ones on contract or daily wages employed by Goa government.

Sources also revealed it would be real circus for the government to implement the 7th Pay Commission recommendation in toto, considering the financial crisis the state is presently going through.

It needs to be seen in what manner CM Parsekar manages the state finances without disappointing the government employees.

Because in Goa, every 26th Goan is a government servant. 






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