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A 10% wage increase for public servants has been confirmed following a marathon round of negotiations that stretched late into Thursday night.

The agreement, reached shortly after 9 p.m., is estimated to cost at least $3.8 billion in arrears, with an additional recurring annual expenditure of $420 million, according to Chief Personnel Officer (CPO) Dr Daryl Dindial.

Negotiations between the Public Services Association and the CPO began shortly after 11 a.m.