Permanent secretary in the Ministry of Finance and Economic Development George Guvamatanga said that the government is not planning to retrench some of its employees. The government has announced in the past that it is embarking on a restructuring service in order to trim its unsustainable wage bill. According to some reports wages in the civil service gobble up to 90% of the national budget and the government fund its expenditure by borrowing on the local capital markets. Guvamatanga said
We actually need a very strong financial base if ever we are to consider that (retrenchment)… Even if you work it in terms of what is regarded as a normal payback period, any retrenchment for it to be viable you should be paid back in two years and this kind of structure does not pay back in two years. So it is not viable for Government at the moment and neither is it sustainable for the Government to consider a redundancy.
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That Guvamatanga thing is a liar,in the Police they are already retrenching those who are 50 years old,Civil service and teachers 65 years and Soldiers 70 years.What kind of a government that has three retirement age groups.Rakaoma basa nderipi Musoja neMupurisa kkkk