Arab Today, arab today italy to cut spending by 26 bn euros over 3yrs
Last Updated : GMT 08:55:20
Arab Today, arab today
Arab Today, arab today

Italy to cut spending by 26 bn euros over 3yrs

Arab Today, arab today

Arab Today, arab today Italy to cut spending by 26 bn euros over 3yrs

Rome - AFP

The Italian government agreed on a series of measures to slash public spending by 26 billion euros ($32 billion) over three years, including major payroll cuts. \"The economies in this measure will be 4.5 billion in 2012, 10.5 billion in 2013 and 11 billion in 2014,\" said Prime Minister Mario Monti. Much of the savings will be found in the health and public administration budgets, said Monti. Deputy Economy Minister Vittorio Grilli said the planned measures would lead to a 20 percent reduction in the number of public sector managers and a 10 percent cut in the ranks of orinary public sector workers. In April, the government had decided in principle to cut 4.2 billion euros off this year\'s spending account, but now Rome sees the need for deeper cuts. Monti said the cuts were needed to avoid a two percentage point hike in sales tax which would otherwise be necessary.

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 italy to cut spending by 26 bn euros over 3yrs Arab Today, arab today italy to cut spending by 26 bn euros over 3yrs

 



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 italy to cut spending by 26 bn euros over 3yrs Arab Today, arab today italy to cut spending by 26 bn euros over 3yrs

 



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