IVA to go up by 3%

IVA (VAT) is set to rise by 3% to 21% and budgets to local authorities are to be cut by €3.5 billion as part of the latest round of austerity measures.

The measures are in return for the loans being provided by the EU. Other measures to be adopted are:

Christmas bonuses suspended for public workers
Unemployment benefit cut from sixth month out of work
30% cut in number of councillors in some areas
Subsidies cut by 20% in 2013 for political parties, unions and workers

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: