Key Takeaways from the 2025 State Budget
The main lines of the 2025 state budget have revealed some interesting figures. Among them, we find the number of people who took early retirement in 2024. The number has already exceeded 10,000 civil servants, out of a total of over 15,000 applications. This is a significant population added to the already planned departures. The goal is to reach a wage bill within the limit of 13.5% of GDP.
Will this open the door to new recruitments? The answer is negative. The rule is that departures are not replaced. If there is a need, it is necessary to resort to available human resources by redeploying them as needed. New recruitments will be reserved for priority sectors, such as healthcare, the army, or education. So, if you are among the thousands of young people who accept working illegally and without social coverage in the hope of landing a public job, you should revise your plan.
Moreover, the programmed salary increase signed since September 2022 will be respected. However, there is no question of negotiating increases or proposing new bonuses. In the first half of 2024, we saw a pace of salary payments below estimates, which suggests that there will be savings in this area. What could keep the high ratio this year is the slow growth rate, since estimates are based on a 2.1% growth rate, which may not be achieved. What is certain is that the trend is downward, and we will return to normal within a period not exceeding 3 years.
