Public sector workers should be very angry about debt buy back, but they won’t be

After 5 years of wage freeze, the PNP government has offered a mere 7% increase in wages to public sector workers, stating its inability to pay.

Now we know the government has taken a decision to pay over US$60m more per annum to service this new US$2B loan that it took at a very high interest rate.

So while  we cannot pay our poor public sector workers more, but we can cough up an additional US$5M or JA $938M more per month to pay to rich bankers both locally and overseas .

Public sectors unions should applaud this move move by the minister .

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