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Thu 11 Nov 2009Cowen says cuts in public sector pay bill 'unavoidable'
Taoiseach Brian Cowen said today a reduction of €1.3 billion in the public service pay bill is "unavoidable" because pay makes up such a large proportion of State expenditure.
He also said there is “no room for manoeuvre in raising income tax” instead of pay cuts because the top 4 per cent of earners already pay 48 per cent in income tax.
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