Increase in the Salary of Government Employees Budget 2024
In the federal budget, a proposal to increase the salaries of government employees by 15 to 20 percent has come forward, while the proposal to increase the amount of money received by officers in the field of transport is also under consideration.
According to the sources, it is most likely that the salaries of the employees of grade 1 to 22 will be increased by 10%. This will result in an impact of Rs 80 billion on the exchequer.
A 200% increase in medical and conveyance allowance has been proposed for employees of grades 1 to 18, but it is not yet clear how much increase will be approved.
According to Finance Ministry sources, employees upto grade 16 are getting Rs 1800 Conveyance Allowance and Rs 1500 Medical Allowance.
Monetization policy of bureaucracy
Grade 17 and 18 officers are currently getting Rs 5000 Conveyance Allowance. Government officers above grade 19 get money under transport monetization policy. It is proposed to increase this amount by 40 thousand to 60 thousand rupees
For officers up to grade 20, monetization can be increased from Rs 65 thousand to Rs 1 lakh 5 thousand. The monetization policy of Rs 75 thousand for Grade 21 officers is being increased to Rs 1 lakh 20 thousand.
While the proposal to increase the monetization of grade 22 officer from Rs 95 thousand to Rs 1 lakh 55 thousand is under consideration.
