“There are no cuts and no tax increases. Since we are the government operation is constant reduction of taxes. ” He said the Prime Minister Matteo Renzi, following the Council of Ministers, which examined the Def (Documentodi economics and finance). “Today we have started the preliminary examination of Def to be approved Friday,” said Renzi. “This is not a maneuver Def, who takes away the money from the pockets of Italians, but is in line with the law of stability.”
“In 2015 we reduce taxes for 18 billion over the three clauses that eliminate,” he Renzi argued in the press conference after the Council of Ministers. ‘We disabled 3 billion clauses that had provided the previous governments, “continued the Prime Minister. “The safeguards we have totally eliminated,” he added.
“The fees will not increase, there will be any reduction in stability law for 2016, if we are in a position,” continued Renzi .
“There will be cuts to benefits for the citizens, but we need the public machine slim a bit ‘and if the sacrifices they make them politicians or skips some chair the boards will not hurt,” said Renzi yet. “We meet before Friday, the municipalities and if it also serves the regions but I repeat that there are cuts for 2015 but in 2016, 2017, 2018 continues the spending review is a trivial fact.”
” Expectations of a tax increase were disregarded, “he stressed Economy Minister Pier Carlo Padoan. “I say this – he added – because in these weeks and months there was a tam tam media on a tax increase, and this is simply not true and that the government’s commitment is credible is shown by the 80 euro.”
“This is a breakthrough of a strategy that continues,” the minister added, explaining that the “tax cut permanent, defuse the clauses largely with the spending review and in part with increasing the benefits of growth “will help the economy. “So if the growth will be better than expected clauses will be automatically defused,” continued Padoan
The growth in 2015 “will be 0.7%,” the prime minister then stated, explaining that the government wanted be “prudent”. Padoan added that the economy will grow by 1.4% in 2016 and 1.5% in 2017.
To say that the personal income tax bonus of 80 euro has led to a tax increase is ” a contradiction to the citizens, “added the premier, reiterating that the bonus is a measure of” structural “.
The privatizations, said Padoan, will yield” in four years 1.7-1.8 points of GDP. Now we are focusing on Enel and Poste, but there are also other items like Railways and ENAV. The times are dominated by market and by trying to make the most of the companies owned by the state “..
The deficit / GDP ratio will be 2.6% this year , 1.8% in 2016, 0.8% in 2017. The public debt instead will amount in 2015 to 132.5% of GDP, falling in 2016 to 130.9%, up to 123.4% of the 2018. “In 2018, the rule of the debt will be fully satisfied, the nightmare of the mountain of debt that may activate the guillotine rule will finally be away,” noted the minister of Economy. “If applied tomorrow – said Padoan – the rule of the debt would be worth more than 2 percent of GDP.”
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