Irish Budget 2012: Howlin says public pay to fall €400m; Medical card holders up 500,000 and State pensions up €1bn since 2007
Dec 5th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Budget 2012: The Minister for Public
Expenditure and Reform, Brendan Howlin, in the Dáil Monday afternoon made
announcements on the Budget 2012 expenditure decisions including the public
service pay bill which will fall by €400m next year. By the end of the year,
public staff numbers will be below 300,000 and next year the Government plans to
cut the size of the sector by another 6,000. He said the reduction of 37,500 or
12% of staff from 2008 numbers is significant and poses enormous challenges.
Other measures include a cut in the employer's redundancy rebate to 15%. Number
of medical card holders is up 500,000 since 2007 and the State pensions bill is
up €1bn.