Is The Public Sector Pay Hike Just Another Fake Promise? | Dhananath Fernando

In this video, we explore the major election promises surrounding public sector salary hikes. With candidates proposing significant pay raises and cost of living adjustments, the big question remains: are these promises realistic and sustainable? We dive into the potential financial impact of these pledges, discussing the economic trade-offs and the reforms necessary to make such changes viable. Join us as we analyze whether these promises are truly achievable or just another political mirage.
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[@TheDilusha100]

Isn't the NPP suggests to revise only the allowance every 6 months based on the cost of living? There is a huge difference between that and increase salary to 50K or 24&

[@herathwimalasena3962]

Yes he misinterpreted what NPP says

[@Ravindu-u5r]

That’s a cunning statement made by NPP in my opinion to avoid the hard questions of how much they are gonna increase wages for different classes of government employees and how they are going to finance to increase wages by that amount to mislead voters Bcz increment of gov wages had been a very significant topic in this election

[@LahiruSenaratne]

Thank you so much for this video! Just a small question at 4:16 . If a government borrows money from the money markets to finance a shortfall in the budget, how does it increase the interest rate? Also, since Sri Lanka is still restructuring our external debt, we still can't borrow from the international markets, or issue ISBs right?

[@සෙත්සර]

When the government borrows money from domestic markets, the funds available in the domestic market will be less. This is known as the crowding out effect, which means there are fewer funds for other borrowers. When demand is high and supply is limited, the price goes up. Likewise, interest rates (cost of funds) will be increased.

[@eshikaudayanawanigasekara]

Best is Job cuts.. and assistance for out of SL Jobs We need export 3.5 million people next 10 years. Remove Government as Business partner

[@ranjitwijekoon2647]

Rubbish .