Saturday, November 19, 2022

COST OF FULL TIME FEDERAL EMPLOYEES AT $55B IN 2022

   The latest report by Canada’s federal budget watchdog reveals that taxpayers are paying about $130,000 in compensation per full-time federal employee.
   According to Parliamentary Budget Officer (PBO) Yves Giroux, forecasts shows that the cost of federal public service salaries and benefits for full-time workers will reach $55 billion in 2022 and balloon even further in the coming years. When taking into account all personnel and not just those employed full-time, that figure grows to $60.7 billion.
   “Over the past 7 years, personnel spending grew by an average of 6.7 per cent annually, from $39.6 billion to $60.7 billion,” explained Giroux.

No comments:

Post a Comment