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GreekReporter.comGreeceFinancial Minister States: "No Horizontal Measures to Rein in Deficit"

Financial Minister States: "No Horizontal Measures to Rein in Deficit"

Yiorgos Papakonstantinou

“There will, of course, be a uniform pay scale. In the uniform pay scale the injustices that exist in the current pay scale for civil servants will be lifted. Whether this will take place immediately or over a transitional period is something to be examined but it is clear that these injustices will be lifted,” the Minister underlined.
Speaking to NET state radio, the Minister also ruled out another emergency levy and noted that a shortfall in revenue during 2011 had been covered in other ways, so that the deficit had actually been reduced by an additional 50 million euro above the original forecasts in the first two months of the year.
He announced that corrective measures to make up for the smaller revenue would target both spending and revenue increase and would not be sweeping horizontal reductions to pay and pensions, or general tax increases as in 2010.
According to Papakonstantinou, the greatest weight would now be given to encouraging growth through specific policies.
(source: ana-mpa)
 
 

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