Home
Welcome Message
Prior Issues
Feedback
Current Issue
Contact Us
Advertise
About Dominica

Public Servants Debate Stabilization Levy
In Defense of Dr. Peters
Dominican Band for Best World Music Recording

In the Spotlight
Jones Murphy
Baroness Patricia Scotland

Dominica Academy of Arts and Sciences
National Development Fund
Cakafete.com
Rosie Douglas Foundation

Ad Corner
Looking to advertise with us?

Inquire Here

Volume No. 1 Issue No. 22 - Friday, May 31, 2002
Public Servants Debate Stabilization Levy
PM Charles Promises Not to Cut Work Force

by: Thomson Fontaine

Following the end of discussions between the government of Dominica and the International Monetary Fund (IMF), Prime Minister Pierre Charles announced that his government would not undertake a 10 per cent cut in the Public Service nor institute a 10 per cent wage cut as part of a fiscal stabilization and adjustment program negotiated with the IMF. Instead, civil servants would be asked to pay a stabilization levy over a two to three year period.

The stabilization levy would be imposed on personal income on a pay as you earn (PAYE) basis. This would mean that public servants would have to pay a certain per cent of their income on a monthly basis over and beyond their usual personal taxes. For government to realise the projected savings, this would imply a possible levy of approximately 4 percent on income. The membership of the public service union were reported to be meeting on the proposal.

The Fiscal Stabilisation Programme was put together by Staff of the Ministry of Finance and Planning, the Caribbean Development Bank and the Eastern Caribbean Central Bank and formed the basis of the stabilisation programme negotiated with the IMF.

Comments about this article? Email:
editor@
thedominican.net
Telephone:
1-571-236-9502
Fax:
1-202-589-7937

Volume No. 1 Issue No. 22
Public Servants Debate Stabilization Levy
Melville Hall Airport
The Cause of Dominica's Economic Plight
In Your Own Words
In Defense of Dr. Peters
Sports Highlights



Subscribe Now
Subscribe to our newsletter, and receive it by e-mail.

Subscribe

  | Home | Welcome Message | Prior Issues | Feedback | Current Issue |
| Contact Us | Advertise | About Dominica | Privacy Policy |

� Copyright 2002 TheDominican.Net.
Designed and Hosted by Caribbean Supplies -- All Rights reserved