Minister Padoan in Brussels: “The VAT increase for now remain” – The Messenger

A dozen “relevant factors”, the scenario of deflation the costs for migrants. Italy calls on the European Commission to take them into account when assessing compliance with the debt rule: a rule that our country has not complied with in 2015, bringing Brussels to launch the preparation of a specific relationship. Roma then tries to find a solution on the main front opened with the European institutions, which are willing to accept the further slowdown in the path to a balanced budget. The Government of the arguments are contained in a letter sent by Pier Carlo Padoan to Dombrovskis and Moscovici Commissioners, which is accompanied by a document of well 78 pages.

COMMITMENTS In the letter the minister noted that the debt is ” virtually stabilized “in 2015, when it rose from 132.5 to 132.7 per cent. In 2016 should start to drop, to 132.4 percent, and then take a stronger downward path thereafter. But Padoan also wants to give reassurances on 2017. And to do that, touches on the issue of VAT increases that should take from that year, as a “safeguard clause” for the respect of the budget commitments. It is confirmed that the provisions shall remain in force at least for now, because it will serve to erase a legislative intervention. The government will adopt a budget package with the law of stability and VAT increases will be blocked only in the presence of deficit reduction measures: in this way Italy intends to comply with the requirements of the Stability Pact. What does it mean exactly that clear? Certainly it has a formal value against the Committee and serves to demonstrate the seriousness of intent and reliability of our country. In the coming weeks we will see if the back there is also the temptation to leave on foot at least part of the rate increases already made on site (worth a total 15 billion): the rest of the scenario of near-deflation would make a choice in the abstract digest of this type.

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 05/11/2016 23:30:21

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