A pay rise has been put on the table for public servants in the Northern Territory.
The Government will use a 2 per cent compounding pay increase as a base for negotiations as well as working through other issues important to staff.
The new wages policy will put an end to the four year wage freeze and lump sum payments.
Those already covered by lump sum agreements will also be offered the pay increase for future years.
The Chief Minister Natasha Fyles says the country’s economic situation has changed significantly, with interest rate rises and higher than normal inflation.
The new approach aims to reduce the cost of living for Territorians through a number of incentives and schemes.
Ms Fyles adds that politicians will not receive a pay rise.
The government will be left with a net operating deficit of $253 million this financial year.
It’s being touted as an improvement of $283 million compared to the position forecasted in last year’s budget.
The government aims to return the budget to surplus in the medium term.