Croatia to save EUR 232mn via cutting public sector salaries by 3%.

By bne IntelliNews February 21, 2013
The Croatian government will make budget expenditures savings of about HRK 1.76bn (EUR 232mn) via cutting the public sector wages by 3% this year, news agency HINA reported, quoting labour minister Mirando Mrsic as saying. Mrsic explained that the wage cut and the abolishment of Christmas and holiday bonuses would contribute to the stabilisation of the wage balance. He pointed out that after this measure there will be no need for further wage cuts by end-2013. Education workers will be exempt of this latest cut as their wages are even expected to increase a little although some of their entitlements have been abolished.
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