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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.

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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