Spending review
Milan , September 8, 2014 – 21:22
Summit at Palazzo Chigi about possible cuts in public spending. Dancing in a scissor kick from 20 billion euro. With the President of the Council, Matteo Renzi, there were the Minister of Economy, Pier Carlo Padoan, the Minister of the Implementation of the Programme, Maria Elena Boschi, and Commissioner Charles Cottarelli spending review. Wednesday is expected to meet again. It could be the day of farewell of the Commissioner, according to some rumors. Thursday begins the Ecofin meeting to be held until Saturday, in Rome at the time, explains, Italy could ask for time to balance the budget and for the return of the deficit in exchange for reforms.
Assumptions about cuts
With the two premier economic supertecnici have sifted through the list of items that could and should be cut in order to implement all ‘goal of a scissor kick from 20 billion in public spending that Renzi has set for 2015 Savings arriving from a greater’ coordination ‘between the police, the revision of incentives and transfers from various ministries to enterprises that worth up to $ 4 billion, to the announced cut of the investee public. These are the numbers mentioned. The preparatory meeting at Palazzo Chigi is served above all to develop a working method for the subsequent comparison with the ministers. In vivo actions you will then Wednesday, when it was fixed a round of meetings between the prime minister, his staff and the heads of the various departments to identify key items that will be subject to the snip of 3% of the costs ministerial announced by Renzi in the past few days.
The proposals of individual ministries
This is of course an indication of magnitude and not of a linear cut, because each ministry contribute indicating the items on which to intervene. The spending review will have to be a collective effort. As Italy prepares to appear before the informal Ecofin European partners on Thursday and Friday in Milan, where he will begin to define the means to unlock investment using the best existing flexibility, the immediate focus is also focused GDP numbers that will come out tomorrow Istat.
September 8, 2014 | 21:22
© ALL RIGHTS RESERVED
No comments:
Post a Comment