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Italy plans officials' pay cut up to 15 percent
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IANS/AKI | 21 May, 2010
The Italian government may cut the salaries of public servants by 10 percent and politicians by 15 percent, in a bid to reduce the country's deficit.
According to media reports, managers in public services with salaries totalling at least 100,000 euros could have their income reduced for two to three years.
The reports cited unnamed sources who discussed the proposals after a meeting between union officials and finance minister Giulio Tremonti in Rome.
Tremonti earlier this month said he aimed to cut the country's budget deficit by at least 25 billion euros by the end of 2012.
The Court of Accounts, which safeguards the management of Italy's public accounts, said Wednesday the global financial crisis could result in a 130 million euro drop in Italy's economic output between 2008 and 2013.
Under the new proposal, the cut in politician's wages would be far steeper than the 5 percent reduction proposed by legislative simplification minister Roberto Calderoli.
To save money the government would also cut 4 billion euros in funds earmarked for Italian cities and regions, the reports said.
Italian prime minister Silvio Berlusconi in an interview Wednesday, however, said his government would not cut taxes.
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