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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Bloated public service swells!

Bloated public service swells!

+2
Sasanka De Silva
Redbulls
6 posters

Go down  Message [Page 1 of 1]

1Bloated public service swells! Empty Bloated public service swells! Tue Nov 13, 2012 5:59 am

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
After easing recruitments to the public service from 2009, the government has once again expanded the already bloated public service with a surge in new posts created during the first eight months of this year, according to the latest data released by the Treasury.

In 2009, the Central Bank in a special report warned the government’s fiscal operations was in a ‘precarious position’, urging the government to desist from bloating the public sector unless such appointments were accompanied by improvements in productivity.

That year, the government created 44,532 new vacancies. The budget deficit, which was supposed to be less than eight percent of GDP that year, ballooned to 9.9 percent.

The government seemed to heed the Central Bank’s warning. In 2010 new vacancies created amounted to 5,302. In 2011, the number of new vacancies created improved further to 3,950, recent data released by the Ministry of Finance and Planning showed.

However, according to the Treasury the creation of new vacancies surged to 25,470 during the first eight months of this year alone, a bulk of these were created at ministries to absorb 18,128 graduates.

Salaries and wages paid during the first eight months of 2011 amounted to Rs. 222.3 billion, and has increased by Rs. 6.5 billion to Rs. 228.8 this year accounting for 29.3 percent of total recurrent expenditure of the government which amounted to Rs. 780.9 billion.

The overall budget deficit during the first eight months of this year amounted to Rs. 454.6 billion, a 30 percent increase from a year earlier, which was 6 percent of GDP. The full year deficit target is 6.2 percent.

Earlier this month, the Economic Development Ministry said the Government has decided to give 51, 420 graduates currently undergoing training in the state sector permanent appointments next year in accordance with regulations pertaining to Development Service Officers. "This is the first time that a government is absorbing the highest number of graduates to the State Sector with the objective of strengthening the public service by obtaining their services to meet people’s needs at national and regional levels for accelerated development," the ministry announced.
http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=65906

2Bloated public service swells! Empty Re: Bloated public service swells! Tue Nov 13, 2012 7:18 am

Sasanka De Silva

Sasanka De Silva
Manager - Equity Analytics
Manager - Equity Analytics
Who cares !
They want Votes and Not Development,
Voters want jobs but No real contribution to the real developments that many (only What a Face ) talk in public. affraid bom

3Bloated public service swells! Empty Re: Bloated public service swells! Tue Nov 13, 2012 1:23 pm

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Main problem is this out dated education system.It makes graduates with out practical skills to live.....Actually they are valuable productive years get wasted in Universities learning stuffs which do not help them to live their lives.So this system needs to get changed and it will take time.So there has to be a short term solution.
Those graduates need jobs. As it is very hard to get a jobs in private sector with their knowledge given at universities government have to give them jobs and government should take every possible effort to make those jobs are really productive. This will atleast lesson the burden from them on countries economy.At the meantime this education system have to be changed.

4Bloated public service swells! Empty Re: Bloated public service swells! Tue Nov 13, 2012 3:34 pm

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I met one young person who was from Bdulla

He followed Welding course At vocational Training Authority y

Although welders have very good demand in the job maker ,he followed External Arts degree course

I asked why you are following a course like this where no job opportunities
His reply was i can definitely get govt job with pension

Govt talk about productivity and give incentives for unproductive jobs in public sector

I agree they want votes Not development

5Bloated public service swells! Empty Re: Bloated public service swells! Tue Nov 13, 2012 5:51 pm

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
This mind set of " Job for life " is to be changed by education and changing the existing regulations.
Easy " Hire & Fire " will naturally increase the level of productivity.
@D.G.Dayaratne wrote:I asked why you are following a course like this where no job opportunities
His reply was i can definitely get govt job with pension pale

6Bloated public service swells! Empty Re: Bloated public service swells! Tue Nov 13, 2012 6:45 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Whitebull wrote:Main problem is this out dated education system.It makes graduates with out practical skills to live.....Actually they are valuable productive years get wasted in Universities learning stuffs which do not help them to live their lives.So this system needs to get changed and it will take time.So there has to be a short term solution.
Those graduates need jobs. As it is very hard to get a jobs in private sector with their knowledge given at universities government have to give them jobs and government should take every possible effort to make those jobs are really productive. This will at least lesson the burden from them on countries economy.At the meantime this education system have to be changed.

I agree with you over the education system.. A person who just finds a job after A/L's gather much experience than a graduate who learns for 4 years in a local uni. So when it comes to job search, the person with experience may be a prudent choice for employers too. That's why the graduates hav lesser choices I think. In other countries, i.e: Aus, NZ there's a demand for graduates so they even provide residency programs for them..

But I believe finding a job is an individuals responsibility, not govt's. A person can protest and do various things waiting for the govt to provide him a job. On the other hand, the time he wasted for that could be used to find even a small job where with time he can have experience. There were so many examples where graduates waited 3-4 years till govt provides jobs which was absurd waste of productive time..

All the corporate heads today were very small ppl 10-20 years back.. Our young nation have to come up with positive thinking when it comes to jobs rather than raising voices over simple matters.

What govt can do is to open new job opportunities where they could give priority to graduates. Govt should welcome foreign or local investments to establish various businesses forgetting the policy matters. Govt changes policies lik changing cloths so who would keen in starting a company these days? There's less assurance in place.

As u said, Govt need to really think of revamping the educational system by introducing new tech and productivity to the education system if we are to be a country that could stand of our own (if that's the chinthanaya... ) For that we need knowledgeable ppl in correct places too.
Speaking of education, see the O/L, A/L issues these days? And we rely on these political jokers or nut heads would do good for the education..

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