FM says govt to meet 2008-09 fiscal deficit target despite pay hike
The
government will meet its fiscal deficit target for 2008/09 despite the
pay increase for government workers, Finance Minister P Chidambaram
said after the government today, 14 August 2008, approved the Sixth Pay
Commission recommendations. He said the wage increase had been factored
in while preparing the budget for 2008-09.
The Sixth Pay
Commission had in March 2008 submitted its report to the government,
recommending an average 28% hike for central government staff and
defence personnel.
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