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Minister of Finance vows not to cut public wages

Source: El Pais - Wed 21st Mar 2012
Minister of Finance vows not to cut public wages

Spain's Minister for Finance and the Economy, Cristóbal Montoro, yesterday said how public workers should have nothing to fear about the government's planned overhaul of the country's public services.

Howver, he warned the country's town halls not to maintain inflated workforces for political or other reasons.

Montoro insisted that the idea behind the reform was to make savings by streamlining the public administrations. Spain's town halls between them currently own a total of 1,793 companies, organizations and public consortiums, some of which Montoro said may be used to hide the full extent of their debts.

"We are going to carry out these changes and savings maintaining the wages of public sector workers," he told El Pais.

Spain's 4,622 municipalities have agreed to a scheme proposed by the central government to settle a massive backlog of unpaid bills from their suppliers, and will be required to submit to the Finance Ministry their plans for balancing their accounts.

The ministry has identified 23 specific areas in spending and revenue-raising measures that among others include a "reduction in personnel costs."

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