Budget 2023: The budget is to be presented by the government in a few days. The Union Budget can be very special for the people. Meanwhile, an announcement regarding pay commission can also be made in the Union Budget.
This time, a special news can come out for lakhs of central government employees in the budget. Actually, the Central Government can announce the 8th Pay Commission during the Union Budget 2023-24. Union Finance Minister Nirmala Sitharaman will present the budget on 1 February. The demand to replace the rules of the 7th Pay Commission with the 8th Pay Commission is being raised from many places for some time now.
According to the latest reports, there is increasing discussion among the Central Government employees that the Central Government may announce the arrival of the 8th Pay Commission in the budget.
Expectations are increasing among central employees regarding this big announcement. If the government announces the 8th Pay Commission, it will bring a substantial increase in the pay scale of the central employees from the lowest to the highest level. Moving towards the new pay commission, there will be an increase in the basic pay, pay scale as well as allowances of the employees.
They will also be eligible to get the fitment factor boost in future. Pay commission rules for central government employees are usually upgraded every 10 years as per the pattern seen in the recent three announcements of 5th, 6th and 7th pay commission pay commission. It is estimated that the government may announce the 8th Pay Commission in 2023 and implement its recommendations by 2026.
