Appointees Warned to Accept Pay Cuts
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From Times Wire Reports
Presidential appointees in Philippine state enterprises were warned they would be fired if they did not accept pay cuts as part of an austerity program aimed at reducing the government’s deficit.
Faced with an ailing economy, President Gloria Macapagal Arroyo also has banned the purchase of government cars and imposed penalties for unofficial use of vehicles and other austerity measures to save $784 million a year. The deficit is forecast at about $3.5 billion.
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