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Government ministers in Grenada will take a five percent cut in pay starting next month.
The five percent pay cut is less than $300 per month.
Finance Minister Nazim made the announcement while presenting the country’s EC$1.023 billion 2012 national budget, which represents a 15.8 percent increase over last year’s.
He also unveiled a series of “expenditure reduction measures.”
They include the pay scale-back, and savings of $800,000 by reducing by 50 percent the allocation for international travel by government ministers and officials.
No new taxes were announced in the budget .
The five percent pay cut is less than $300 per month.
Finance Minister Nazim made the announcement while presenting the country’s EC$1.023 billion 2012 national budget, which represents a 15.8 percent increase over last year’s.
He also unveiled a series of “expenditure reduction measures.”
They include the pay scale-back, and savings of $800,000 by reducing by 50 percent the allocation for international travel by government ministers and officials.
No new taxes were announced in the budget .
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