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January 9th, 2013 @ 11:01

Exchequer Returns Indicate Lack of Bottom Line Cost Cutting

Chambers Ireland has today called on Government to take serious measures to cut public sector costs in 2013.

Speaking this afternoon, Ian Talbot, Chambers Ireland Chief Executive, said “While recognising the Government’s achievements in meeting targets, vitally important in managing our recovery, today’s Exchequer Statement cannot hide the fact that Current Expenditure actually increased by €1.5 billion in 2012, with the Departments of Health and Social Protection showing a significant overspend. While the Government insists it is taking measures to cut costs in the public service, these figures do not reflect this with additional costs such as pay increments exceeding the savings being made.”

“We are particularly disappointed that capital spending was €145 million below expectations. This money could have been used to commence job creating infrastructural projects that would also aid our economic recovery,” he concluded.

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