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Wage bill & Jubilee manifesto
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josimar
#1 Posted : Thursday, March 14, 2013 9:22:46 AM
Rank: Member

Joined: 7/6/2010
Posts: 242
In DN today , the executive elect are talking of salary cuts / freeze to reduce huge wage bill.Is it really realistic in an economy where cost of goods and services rarely go down but up ? We have been informed that cost of electricity will go up, that impacts on Our lives directly through cost of goods production going up. Truth of the matter is that Our economy will wobble in coming Years , Our sovereign debt is about 47% of the GDP and we also have an ambitious manifesto ( laptop for kid joinig class 1, interest free loans, fertilizer subsidy etc) from Jubilee, interest rates from banks are still high . I guess we need to start bracing Ourselves for tax increases . Sad
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  | | Edit by moderator: Thursday, March 14, 2013 9:35 AM | Reason: title case
Impunity
#2 Posted : Thursday, March 14, 2013 11:01:23 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,333
Location: Masada
josimar wrote:
In DN today , the executive elect are talking of salary cuts / freeze to reduce huge wage bill.Is it really realistic in an economy where cost of goods and services rarely go down but up ? We have been informed that cost of electricity will go up, that impacts on Our lives directly through cost of goods production going up. Truth of the matter is that Our economy will wobble in coming Years , Our sovereign debt is about 47% of the GDP and we also have an ambitious manifesto ( laptop for kid joinig class 1, interest free loans, fertilizer subsidy etc) from Jubilee, interest rates from banks are still high . I guess we need to start bracing Ourselves for tax increases . Sad


Add sanctions to this and you know where we as a country we are destined!
Sad
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Cde Monomotapa
#3 Posted : Thursday, March 14, 2013 11:28:47 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Morally, if those cuts will weigh heavier on elective/political positions taking out the clamour & glamour, then well & good. The tax-payer should no longer vote only to be strung by the very people their hard work supports. Elective posts must move to being a calling & less of a fanfare!
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josimar
#4 Posted : Thursday, March 14, 2013 11:42:34 AM
Rank: Member

Joined: 7/6/2010
Posts: 242
I foresee job cuts in the Civil Service looming which may target the lower cadre clericals, messengers, cleaners. They may be setting a pace for private sector to freeze salary rise.
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KulaRaha
#5 Posted : Thursday, March 14, 2013 11:45:45 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
I doubt much will change...given the chatter on twitter on who has been chosen as our new/old Finance Minister/Secretary...we're in for a rough patch. Taxes will have to be raised.
Business opportunities are like buses,there's always another one coming
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mawinder
#6 Posted : Thursday, March 14, 2013 12:03:38 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
josimar wrote:
I foresee job cuts in the Civil Service looming which may target the lower cadre clericals, messengers, cleaners. They may be setting a pace for private sector to freeze salary rise.

We must work with the incoming govt. and be ready to make sacrifices.
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ChessMaster
#7 Posted : Thursday, March 14, 2013 12:10:19 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
@mawinder - I agree,we must start getting involved and work with the government.

The problem of taxes should first address inefficiency and that is also linked to corruption.I don't like raising taxes.I prefer stimulating growth although its not that easy.That way,if profits increase tax revenue increase.But if we increase taxes and not focus on growth we'll be on a path to stifle growth.Also when money is scarce,it is the right time to economize i.e. to allocate resources to the most demanding,strategic and profitable ventures.
Uncertainty is certain.Let go
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josimar
#8 Posted : Thursday, March 14, 2013 12:12:40 PM
Rank: Member

Joined: 7/6/2010
Posts: 242

We must work with the incoming govt. and be ready to make sacrifices.

@ Mawinder , am just wondering what sort of sacrifices should we anticipate to make??
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mwenza
#9 Posted : Thursday, March 14, 2013 12:27:06 PM
Rank: Elder

Joined: 4/22/2009
Posts: 2,863
mawinder wrote:
josimar wrote:
I foresee job cuts in the Civil Service looming which may target the lower cadre clericals, messengers, cleaners. They may be setting a pace for private sector to freeze salary rise.

We must work with the incoming govt. and be ready to make sacrifices.



OUCH! NI MAMBO YA SACRIFICES TENA?
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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ChessMaster
#10 Posted : Thursday, March 14, 2013 12:34:15 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
Progress,just like investment needs sacrifice.@mawinder has chosen the right words,'be ready to make sacrifices'.We can't anticipate what will happen tomorrow and what actions/sacrifices will be required of us.But if we are mentally prepared to face the future,when that time comes(if it comes) we can handle issues better.We have to be ready to be called into action but also not with blind devotion.
Uncertainty is certain.Let go
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