A mission of the FMI on the way towards Gabon to audit the wage bill

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 In the third quarter of 2016, the payroll of the Gabonese administration was exceeding more than 20%, from CFAF 421.86 billion over the same period in 2015 to CFAF 506.55 billion.

On the strength of this, a mission of the International Monetary Fund sets out for Gabon to audit the structure of the country’s expenditure, including its ever-increasing payroll. The two delegations will discuss the feasibility of the plan to revive the economy, to agree on the lines that could lead to the resolution of the financial crisis in the country.

This is not the first time that the FMI has put the Gabonese government’s spending on the index. This inquiry was formulated in January 2016 in Cameroon at the summit on the impact of the fall in oil prices on the economies of the Cemac zone by Christine Lagarde, Managing Director of the Fund.

This could lead to very close discussions about payroll and public service workforce.

In the latest economic note, the increase in the wage bill is explained by the 21% increase in the permanent balance and the non-permanent workforce, up by more than 4%.

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