Arab Today, arab today italian spending review takes bite out of public sector
Last Updated : GMT 04:23:09
Arab Today, arab today
Arab Today, arab today

Italian spending review takes bite out of public sector

Arab Today, arab today

Arab Today, arab today Italian spending review takes bite out of public sector

Rome - ANSA

A government decree was approved Friday that slashes spending by 26 billion euros over the next three years and must now go before the House. \'The government decided to discard the easiest path of across-the-board cuts in order to go down a more complex road, but one that is structurally profitable, according to analysis of the spending structure,\' said Italian Premier Mario Monti. The long-awaited spending review will cut 4.5 billion euros in 2012, 10.5 in 2013 and 11 in 2014. One of its most controversial measures will cut 10% of staff and 20% of managers in Italy\'s large public sector, widely considered a sacred cow of well-paying jobs with rich benefits untouchable by policy makers. Those offices and employees will now undergo mandatory progress reports, according to the review, which also removes a rule closing public offices in the week of Ferragosto, a national holiday on August 15, and the week between Christmas and New Year. Further cuts to those jobs would include reduced meal vouchers and prohibiting employees exchange vacation days for payouts. Italy\'s provincial governments will be cut by half, from 110 to just over 50, effective immediately. In military spending, 10% of soldiers will be demobbed and various programs will be defunded: weapons spending by 100 million euros; peace-keeping missions by 8.9 million; benefits for victims of depleted-uranium exposure by 10 million; and recruiting programs by 5.6 million. Government purchasing will be slashed, especially in healthcare, but small hospitals have been saved after an initial draft culled them. In another change from the first draft, university funding will not be cut by 200 million euros but will be kept at current levels and there will not be a controversial boost for private Catholic schools. The spending review may also lead to eliminating roughly 30 courts, 37 prosecutors\' offices and 220 judicial offices. One of the most emblematic displays of government belt-tightening comes in the form of a 50% funding cut for hired limousines, or \'auto blu\', a nearly ubiquitous sign of political power in Rome. The measures were contained in a decree to avoid tinkering by parliament. The spending review, which will go before the House at the end of the month, set out to avert a 2% increase in VAT scheduled for October, which was part of Premier Mario Monti\'s \'Save Italy\' austerity package passed in December to avoid a financial meltdown. The savings mean that the VAT hike, likely to deepen Italy\'s current recession, can be put off until mid-2013.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today italian spending review takes bite out of public sector Arab Today, arab today italian spending review takes bite out of public sector

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today italian spending review takes bite out of public sector Arab Today, arab today italian spending review takes bite out of public sector

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday