{"id":634538,"date":"2018-01-17T04:14:28","date_gmt":"2018-01-17T04:14:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/imf-advises-middle-east-to-cut-back-on-public-wages-bill\/"},"modified":"2018-01-17T04:14:28","modified_gmt":"2018-01-17T04:14:28","slug":"imf-advises-middle-east-to-cut-back-on-public-wages-bill","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/imf-advises-middle-east-to-cut-back-on-public-wages-bill\/","title":{"rendered":"IMF advises Middle East to cut back on public wages bill"},"content":{"rendered":"

The IMF is advising Middle Eastern countries to work on cutting their public wage bills<\/strong> as \u201cattempts to contain unemployment by creating bloated public sector workforces have completely failed,\u201d says the Financial Times (paywall)<\/a>. In its latest report, Public Wage Bills in the Middle East and Central Asia<\/a>, the IMF finds that countries across the MENA region, as well as Pakistan and Afghanistan, spend an average 6% of their respective GDP on public sector wages, despite there being no evidence to suggest that public sector employment can help boost overall employment levels. In fact, rather than create jobs, the existence of a large public sector workforce only translates to a smaller number of private sector jobs, the report also finds. \u201cCountries such as Egypt, Armenia, Jordan and Tunisia all have high jobless rates despite having large public sector workforces, while Bahrain and Afghanistan each have low unemployment and small public sectors.\u201d<\/p>\n

The IMF says that by slashing their wage bills, governments in emerging economies would be able to spend more on development and social welfare<\/strong>, which \u201care crucial for inclusive growth and poverty reduction.\u201d The report notes that \u201creforming public wage management is already on the policy agenda of several countries in the region,\u201d including Egypt, Iraq, the GCC, and Tunisia, seeing it as \u201can important component of fiscal consolidation.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The IMF is advising Middle Eastern countries to work on cutting their public wage bills as \u201cattempts to contain unemployment by creating bloated public sector workforces have completely failed,\u201d says the Financial Times (paywall). In its latest report, Public Wage Bills in the Middle East and Central Asia, the IMF finds that countries across the […]<\/p>\n","protected":false},"author":1,"featured_media":634539,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-634538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f76ce48c-164e-48a4-95f1-17e0fea20989","order":"0","is_powered_by":true,"section_story_id":"fc4ce158-9b2a-4c7d-a4e7-58a6fb68c82a","story_type":"1","photo_url":"https:\/\/ent.news\/2018\/1\/223.jpg","photo_position":"above","related_issue":[634519],"teaser":"","voice_url":""},"yoast_head":"\nIMF advises Middle East to cut back on public wages bill - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/imf-advises-middle-east-to-cut-back-on-public-wages-bill\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF advises Middle East to cut back on public wages bill\" \/>\n<meta property=\"og:description\" content=\"The IMF is advising Middle Eastern countries to work on cutting their public wage bills as \u201cattempts to contain unemployment by creating bloated public sector workforces have completely failed,\u201d says the Financial Times (paywall). In its latest report, Public Wage Bills in the Middle East and Central Asia, the IMF finds that countries across the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/imf-advises-middle-east-to-cut-back-on-public-wages-bill\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-17T04:14:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2018\/1\/223.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/imf-advises-middle-east-to-cut-back-on-public-wages-bill\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/imf-advises-middle-east-to-cut-back-on-public-wages-bill\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"IMF advises Middle East to cut back on public wages bill\",\"datePublished\":\"2018-01-17T04:14:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/imf-advises-middle-east-to-cut-back-on-public-wages-bill\/\"},\"wordCount\":230,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/imf-advises-middle-east-to-cut-back-on-public-wages-bill\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/1\/223.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/imf-advises-middle-east-to-cut-back-on-public-wages-bill\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/17\/imf-advises-middle-east-to-cut-back-on-public-wages-bill\/\",\"name\":\"IMF advises Middle East to cut back on public wages bill - 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The bills are now with the House of Representatives to be\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/774.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":602518,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/el-sisi-unveils-public-sector-wage-pension-increases\/","url_meta":{"origin":634538,"position":1},"title":"El Sisi unveils public sector wage, pension increases","author":"enterpriseam admin","date":"31 March 2019","format":false,"excerpt":"The minimum wage is going up for state employees \u2014 but apparently not for the private sector. 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