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Govt Planning 8% Pay Cut in Public Sector, Targeting 3% Deficit

Ljubljana, 6 April - The more than EUR 1bn in cuts planned in the supplementary budget for 2012 entail a 8% pay cut for public employees, Finance Minister Janez Šušteršič has confirmed, explaining that this measure would cover approximately 25% of the EUR 800m decrease in expenditure over 2011.

Ljubljana
The Finance Ministry presents details of the austerity budget which was adopted by the government on Thursday.
Finance Minister Janez Šušteršič.
Photo: Daniel Novakovič/STA

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