Manila, May 7 -- The Department of Budget and Management (DBM) said Tuesday that a "comprehensive study" on the potential salary adjustment for government workers will be completed by the first half of 2024.

According to Budget Secretary Mina Pangandamanan, the initiative aims to ensure a competitive and equitable compensation package for state workers.

Spearheaded by the DBM and the Governance Commission for Government-Owned or -Controlled Corporations (GCG), the Compensation and Benefits Study will explore various aspects of the current compensation system, including salaries, benefits, and allowances, to identify areas for improvement.

"We recognize that the rising cost of the basic commodities and services in the country highlights...