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Bahamas: PUBLIC SERVICE: Pensions to officials to increase by $10 mil, salary adjustments by $2 mil

NASSAU, BAHAMAS — Another $43 million added to the budget for the Ministry of Public Service and National Insurance will see increased expenditure allocations for social benefit, increased cost of rent for its office building, and recently announced hiring programs and salary adjustments.

The ministry’s budget will see an increase from $263.2 million to $306 million in the upcoming period.

In the upcoming budget, the global provision for monthly employees will increase by $2 million, from $3.1 million to $5.1 million, while salary adjustments will see a $2 million forecasted allocation — up from zero during this fiscal period.

During his budget communication, Prime Minister Dr Hubert Minnis noted that the government continues to have “unresolved salary adjustment matters” involving reclassified public servants or groups of public servants that have obtained approval for new career paths.

He said: “We have made provision to address many of these longstanding issues.”

In 2019/2020, the government allocated $3.3 million for monthly employees.

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