asked the Minister for Finance the policy of the Government in regard to increases in costs arising from pay increases in State companies in relation to applications for increases in prices of the goods or services provided by such bodies; applications for subsidies from the Exchequer; and applications for increases in equity capital from the Exchequer or increases in borrowing, whether guranteed by the Exchequer or otherwise.
Written Answers. - State Companies Pay Increases.
476.
State companies are expected to have regard to Government pay policy requirements. However, to the extent that pay increases are out of line with those requirements, Government policy is that State companies should finance any excess cost from their own resources without recourse to price increases, Exchequer subsidies, increases in State equity or increases in borrowing, whether State guaranteed or otherwise.