Renzi: “In 2015 growth of 0.7% and no increase in taxes” – EuNews

Rome – The Document of economics and finance (Def) real, complete with a national plan of reforms, will be approved Friday morning. To make the announcement is the premier Matteo Renzi, who said that the meeting of the executive is now served by a “preliminary discussion” on the document. Anticipating some content, the Prime Minister announced that, for 2015, the “expected growth is 0.7%.” In truth, the government was “prudent”, warns Prime Minister, indicating the potential for an even better result. Regarding economic measures, promises that “there will be no cuts” services “and there will be a tax increase.” A further reduction, according to the chief executive, you can talk about next year, mantras now we must aim to “better spending the money of cittani” through a spending review.

Renzi ensures that just Thanks to these efforts, will be “defused” safeguard clauses – the automatic increases in VAT and excise duties on fuel – provided for in the event they are needed budgetary adjustments to meet the European constraints. An intervention that would be “about a point of GDP,” recalls the tenant of Palazzo Chigi, excluding, however, that this will be required.

will be “part of the ‘spending review’” and partly “the same economic growth “to avoid having to resort to the safeguard clauses. Explains Economy Minister Pier Carlo Padoan, according to which the public accounts will receive a positive boost also from privatization, which will ensure an increase “of 1.8% of GDP in four years.”

Padoan then provides the full picture of the estimates contained in Def. Italian GDP will grow by 0.7% in 2015, 1.4% in 2016 and 1.5% in 2017. Ratings more optimistic than envisaged in the autumn, confirming that “the international economic situation and the Italian are better than we assumed a few months ago, “said Padoan.

The ratio of deficit to GDP will be 2.6% in 2015, 1.8% in 2016 and 0, 8% in 2017, values ​​well below the 3% required by Brussels. The public debt will amount to 132.5% of GDP for the current year, will drop to 130.9% in 2016 and will be at 123.4% in 2018, the year in which “the rule of the debt will be fully satisfied – indicates the number one on Via XX Settmbre – and the nightmare of the mountain of public debt, which can activate the guillotine rule “budget,” will finally be over. “

Beyond the improved macroeconomic environment, the Minister warns that “there continue to be significant factors that we used” to get the flexibility of the European Commission on the Law of stability 2015. Significant factors that “will use again in 2016″, announces Padoan. In particular, with regard to “clause on structural reforms”, the holder of Economy believes that “the train of reforms” put up by the executive “will allow us to invoke this clause for a long time, even if we have less and less need. “