By Confidente Reporters
IN the midst of growing tension of salary hikes of public institution bosses, it appears the Bank of Namibia (BoN) afforded its top two (Governor Iipumbu Shiimi and his deputy Ebson Uanguta) a 42 percent hike in the last financial year.
The bank’s annual report released last week shows that the pair was earning (combined) just over N$4 million a year inclusive of benefits in 2015 but an approximately N$1,7 million increase has seen the two pocket a total of N$5,7 million a year in the previous financial year.
Subsequently, the medical aid benefit for the pair is N$139 000 and a retirement benefit totalling N$667 000 per annum.
Recently and in response to media reports that seemed protestant of the salary hikes in the top positions of public service, the Presidency explained that a six percent salary increase for 2017/18 for Public Officer Bearers was wrongly reported by some media houses.
“That increase was approved two years earlier and implemented by 1 April 2016 and as budgeted for in that year (2016) as well. The correct information is that there is no salary increase planned for 2017/18,” the Presidency affirmed; raising questions of BoN’s 42 percent increase.
The overall expense budget tabled by the Minister of Finance recently reflects N$62.6 billion for the financial year 2017/18.
Out of that, total budget the public service wage bill represents N$28.1 billion or 44.9 percent of total budget. That amount includes the personnel expenditure of political office bearers.
The total personnel expenditure and benefit of the Public Office Bearers (326 individuals in total) represent N$264.3 million or 0.9 percent of the total public service wage bill. Alternatively this is 0.4 percent of the total budget.
The cabinet Ministers expense represents N$36.3 million or 0.13 percent of the total personnel expenditure or 0.06 percent of the total budget.
The Presidency represents N$13.6 million or 0.04 percent of the total personnel expenditure. The Presidency is defined to include the Sitting President, Vice President, Former and Founding Presidents and Advisors in the Presidency.
The seven advisors in the presidency represent N$7.4 million or 0.03 percent of the total personnel expenditure or 0.01 percent of the total budget.
“The Namibian Government recognises the need to contain the wage bill to sustainable levels, while acknowledging the skewed economic legacy. Emphasis on right sizing, cost containment, service delivery, efficiency gains and natural attrition are amongst key considerations to enjoy priority.
“Moreover, it is worth stating that Public Office Bearers serve the Namibian people either at the behest of the appointing authority or are directly elected to public office for a limited term in office. The POBC as an independent and constitutionally established office determines benefits and salaries for such officers, based on international best practice and do from time to time make recommendation to the President for his consideration,” the Presidency stated.
Confidente. Lifting the Lid. Copyright © 2015