Sentences with phrase «austerity salary cuts»

Not exact matches

Government has passed painful austerity measures — tax hikes and cuts to benefits, salaries and pensions — to reduce state debt and strengthen confidences in its finances.

He has indicated he favours a severe austerity programme; ending the indexation of salaries and benefits to inflation, cutting health and education spending and privatising state assets — policies would further weaken the economic situation.

Cuomo went on to attribute the state's $ 10 billion deficit to chronic overspending by the Legislature and announced a number of fiscal austerity measures, including a salary freeze on public workers and drastically cutting Medicaid spending.

But the impact has been much more concentrated in the later years of the economic recovery, as austerity cuts bite, and education salaries actually found a safe haven in the immediate aftermath of the crash — lessening the impact we see today.»