Tag: Public sector costs
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Military compensation costs surge by $11B, boosting staffing
Overview: A costly year for public sector spending The 2024-25 budget results show a surprisingly large spike in public sector employee expenses, driven largely by unexpected increases in workers’ compensation premiums and claims. While the overall deficit improved to a $10 billion underlying shortfall, down from forecasts of $28 billion before the election, the volatility…
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Military compensation costs push govt staffing bills higher
Overview: A spike in military-related compensation tied to broader budget outcomes The 2024-25 budget results show an underlying deficit of about $10 billion, a notable improvement from the $28 billion gap forecast before the election. Yet behind the headline numbers lies a significant drag on staffing costs in the public sector, driven largely by a…