7th Pay Panel: Salary expenditure of central government staff to exceed Rs 1 lakh crore in FY’16
Central government’s salary expenditure will exceed Rs 1 lakh crore in the current fiscal and is projected to increase further with the recommendations of 7th Pay Commission, posing risk to public finances, Finance Ministry said today.
According to the Medium-Term Expenditure Framework Statement tabled in Parliament, the salary outgo of central government employees will go up by 9.56 per cent to Rs 1,00,619 crore in current fiscal.
The pace will increase further in 2016-17 at 15.79 per cent to Rs 1.16 lakh crore with the likely implementation of the 7th Pay Commission award, said the statement tabled by Finance Minister Arun Jaitley in Parliament.
The outgo towards salary will further rise in 2017-18 to over Rs 1.28 lakh crore.
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Manas Mukherjee says
You are hundred percent correct , Mr. Nasimlu . Most of these mean-minded MPs are mere burden of the society who could deserve only a big blow . The most unfortunate is that they all are the product of this society and , after all ours brothers and sisters. Regards.
T.Nasimlu says
For increase of salaries and perks of MPs n Ministers, there is no Commission or discussion in Parliament. For increasing the salaries of govt. employees, so many hardles and yet the increase will be 10 to 30% at most. where as there is an increase of 100% for MPs n Ministers in all respects. They do not part with their own benefits and ask others to forgo LPG subsidy and to donate for calamities etc. How far it is justified.
T.Nasimlu says
It is only 9.56% for so many employees working in the country. What is increase in salaries and perks of MPs and Ministers? The increase in percentage or n amount is same with employees?