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22/07/2010
ERSI Warns Over Public Sector Jobs
A major economic research institute has warned that some 40,000 public sector jobs could go if Ireland's recovery is hindered.
In an update to its May 2009 Recovery Scenarios for Ireland, published today, the Economic and Social Research Institute (ERSI) recommends the Government implements a series of austerity budgets in the period 2011 to 2014 in order to recover €7½ billion over a four year period.
In order to achieve this, the ERSI said cuts in current expenditure on goods and services would involve a cut in public service employment of approximately 40,000, to be largely achieved through "natural wastage". This would bring total public service employment back to 2006 levels by the end of 2014. The institute also said no further cuts in public service wage rates were assumed for 2011 and subsequent years.
On Monday, an early summary of the report was released wherein the ERSI said they predicted two medium-term scenarios for the economy.
In the institute's High Growth scenario, they predicted a vigorous recovery over the period 2012 to 2015, which would see output per head restored to its 2007 level by 2015.
In the less optimistic Low Growth scenario the recovery in output, while significant, would be much lower, resulting in substantial continuing unemployment and a higher structural budget deficit.
Also contained within the report is an expectation for the introduction of water charges in 2013 and 2014, which the ERSI said would deliver an additional €500 million in revenue on an annual basis, along with an extension of the pension age to 66 to save expenditure and raise tax revenue.
(DW/BMcC)
In an update to its May 2009 Recovery Scenarios for Ireland, published today, the Economic and Social Research Institute (ERSI) recommends the Government implements a series of austerity budgets in the period 2011 to 2014 in order to recover €7½ billion over a four year period.
In order to achieve this, the ERSI said cuts in current expenditure on goods and services would involve a cut in public service employment of approximately 40,000, to be largely achieved through "natural wastage". This would bring total public service employment back to 2006 levels by the end of 2014. The institute also said no further cuts in public service wage rates were assumed for 2011 and subsequent years.
On Monday, an early summary of the report was released wherein the ERSI said they predicted two medium-term scenarios for the economy.
In the institute's High Growth scenario, they predicted a vigorous recovery over the period 2012 to 2015, which would see output per head restored to its 2007 level by 2015.
In the less optimistic Low Growth scenario the recovery in output, while significant, would be much lower, resulting in substantial continuing unemployment and a higher structural budget deficit.
Also contained within the report is an expectation for the introduction of water charges in 2013 and 2014, which the ERSI said would deliver an additional €500 million in revenue on an annual basis, along with an extension of the pension age to 66 to save expenditure and raise tax revenue.
(DW/BMcC)
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23 June 2017
Union Calls For End Of Public Sector Pay Restraint
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30 March 2010
'Revolutionary Deal' Struck At Labour Court
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20 March 2003
Modernisation of public services under threat
A shortage of staff with a combination of public sector experience and business management skills could threaten the success of the government's programme to modernise Britain's public services.
Modernisation of public services under threat
A shortage of staff with a combination of public sector experience and business management skills could threaten the success of the government's programme to modernise Britain's public services.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
