30 Oct, 2014 2:57p.m.

Govt. orders austerity measures

The government today ordered minor austerity measures including a ban on holding meetings at five-star hotels and cut down on foreign travel. The government is trying to trim the fiscal deficit to a seven-year low. The measures also include banning officials from first class air travel and a ban on creation of new posts in government.

"Such measures are intended at promoting fiscal discipline, without restricting the operational efficiency of the government," a finance ministry statement said.

The austerity measures will include a 10 percent cut in non-plan, or discretionary, expenditure. Interest and debt payments, the defence budget, salaries and pensions will not be affected, the statement said.



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