How to cut $6 billion off the Irish deficit by reducing public sector wages
12 steps to reduce the Irish public deficit
Total savings $1.2billion (€926.5m)
7. Slash the salaries of all secretaries-general to $209,000 (€150,000)
There are currently 18 secretaries-general or heads of department. Salaries range from $263, 831 (€188,640) to the overall head who earns $307,000 (€220,000). If all salaries were capped at $209,000 (€150,000) there could be an annual saving of greater than $1m ($0.75m)
Total savings $1m ($0.75m)
8. Cut senior public servant salaries to $139,000 (€100,000)
There are currently 277,500 public servants in Ireland. Over 11,000 of these are paid in excess of $139,000 (€100,000). Capping all public servants' salaries could generate savings of almost $700m (€488.4m).
Total savings $683m (€488.4m).
9. Cut average public sector wage to average wage of all workers
According to the Central Statistics Office latest statistics the average weekly earnings for an Irish worker is $965.70 (€690.48) in comparison to $1265.43 (€904.79) for public sector workers. Cutting the public sector pay bill by reducing average earnings of civil servants would equate to savings of over $3.5 billion (€2.521bn).
Total savings $3.5 billion (€2.521bn)
10. Cut public service pension bill by 10 percent
The public service pension bill for this year stands at $3bn (€2.2bn). Cutting the current expenditure by a mere 10 percent will could save the Government $307m (€220m).
Total savings $307m (€220m)
11. Abolish pensions to to all former Presidents, Judges and Ministers
Last years total pensions paid to former presidents, taoisigh, judges and ministers was $15.2 (€11.1m). Many of these people are still working in lucrative positions while they earn sizable salaries as well as their generous pensions from the state.
Total savings $15.2 (€11.1m)
12. Abolish consultancy costs
This year the government will spend $74m (€53m) on private consultancy costs not including the $43m (€31m) they have allocated for advice on the banking crisis alone.
Total saving $117m (€84m)
Over potential savings $5.349 bn-$6.033 (€3.825bn–€4.314bn)
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