IBEC welcomes OECD call for tighter public spending
03/03/2006 - 11:00:58The employers' body IBEC has welcomed an OECD call for tighter public spending and a tougher approach to public-sector pay in Ireland.
In a report published yesterday, the Organisation for Economic Co-operation and Development said high public spending was putting the economy at risk in the event of a loss of foreign investment or a slump in house prices.
Responding to the report today, IBEC spokesman Danny McCoy said he hoped the Government would take the OECD's recommendations on board.
"The public sector pay bill now is nearly €16bn, before any social partnership agreement is put in place," he said.
"It's the taxpayers who fund this pay bill and it's imperative that we receive value for money and full transparency as to what's being delivered."
