11 advice on salaries from IMF to Southern Cyprus – Cyprus Newspaper

The International Monetary Fund (IMF), the Greek Ministry of Finance on the request of the report on salaries said.

Politis newspaper “The IMF makes the state salary schedule difficult” in the news titled IMF, Southern Cyprus, which is quite high salary ruler suggestions, he wrote.

The newspaper, which says that the report in the context of the technical assistance is not binding, said that the “prescription” was not easy.

The newspaper, which includes a wide range of IMF’s recommendations, stated that the united salary scales are decomposed, the automatically given the promotions, rather than automatically subjected to a competitive process with fixed quotas, the opening of more positions for other citizens of other countries, the transfer of some transactions to private companies and the inclusion of mobility mentality for personnel.

According to the IMF’s report, the salaries in the public sector in Southern Cyprus are 27 percent higher than the private sector, the newspaper wrote that the 13th salary of the IMF was also abolished.

According to the news, the IMF’s forecasts in 2023, the general government expenditures for employees’ salaries were at the level of 12 percent of GDP, while the OECD countries and other developed economies and EU countries compared to the high rate.

On the other hand, the Alithia newspaper wrote that IMF has prepared this report as a result of his visit to Southern Cyprus and his meetings with the authorities.

The newspaper, which gives the news with the title of salar salaries in the public sector, up to 35 percent more than the private sector ,, said that the salaries in the public sector are taken into consideration based on the IMF report and that when the education levels are taken into consideration, it is more up to 35 percent from the private sector.

In the IMF’s report, the newspaper recently called on the Greek officials to steadily progress with a wider strategy in terms of the management of public personnel and salaries in order to ensure the effectiveness and sustainability of the public administration.