RoC austerity measures

kibsolar


Joined: 14/09/2008
Posts: 552

Message Posted:
03/12/2011 14:27

increase of VAT rate to 17% from 15%

abolition of 939 vacant positions in the public sector

freezing of salary increases in the public sector for two years

10% reduction of the starting salary of civil servants

better targeting of welfare spending

introduction of a 0.5% levy on the turnover of companies