Public sector pay cuts set to be reversed

The scope for reversing cuts to public sector pay and pensions is set to be outlined in the looming spring budget statement.

The move follows a raft of initiatives aimed at beefing up measures to tackle the mortgage debt crisis after previous attempts by the Government to get a grip on the situation were branded inadequate.

The first spring budget statement has been pencilled in for Tuesday, April 28, and will see Finance Minister Michael Noonan and Public Expenditure and Reform Minister Brendan Howlin forecast growth and spending projections out until 2020.