growth of 1% in mass in the program for the next year by the government in the update note of the Def is a goal “ambitious” but “achievable.” The minister of the Economy Pier Carlo Padoan to respond to the objections of the parliamentary Office of the budget, the Authority of the accounts that the day before yesterday has given rise to the lack of validation of the framework assumed by the government, and the prudence of the bank of Italy that always Monday had just defined “ambitious” the government’s programme. “Every year it’s the same old story – cut short, the premier Matteo Renzi in an interview to Radio Capital -, and as forecast we’ll see in a year who is wrong”.
At the heart of the discussions, taken yesterday by the owner of the Economy in the course of the hearing in the commissions financial statements the combined house and Senate, there is the strong effect of the thrust of the measures provided for in manoeuvre, from the block of the increase in Vat to tax incentives for investment, according to the government, should produce the next year, bringing the growth from 0.6% trend (that is, without the law of the budget) to 1% programmatic. “It is not a bet,” he replied to the minister of the Economy, adding, in fact, that “the multipliers are difficult to estimate in a context of inflation and exchange rates flat, and in the final balance, since there might be “positive surprises”.
The alert of the parliamentary Office of the budget, however, shake the Parliament, and not only from parts of the opposition that asks you to “rewrite the note to update with numbers credible” (as the parent company of Fi in the Room Renato Brunetta) and accuses the government of having written the figures “invented” (he has said Stefano Fassina, the Italian Left, inspiring the demand for “more respect” from a Novel). On the topic it also intervenes in the minority Pd, that with Federico Fornaro asks to suspend the consideration of the note in the commission up to clarification between the government and the Upb. And Francesco Boccia (Pd), who in addition to presiding over the Budget committee of the Chamber was the first signer of the reform of the law of the state budget, it asks you to slide the vote in the Classroom on the note, put on the calendar for October 11, accusing the government of failing to comply with the new rules. “If the law had been respected – explains – the Upb would have had all the elements to make estimates and may not be in these conditions.”
Also Padoan explained the distances between the forecast of government and the judgments of the Upb with the non-availability of “all information” on the measures of the maneuver, but it is the same law on a balanced budget (article 18, paragraph 3 of law 243/2012) to clarify the possible developments. In the case of objections of the Upb, just a third of the members of the committees ask the government to return to Parliament to explain the reasons for which it intends to go forward on their way, or adapt to the estimates of the Authority. The outcome is almost a foregone conclusion, in view of the temperature of the discussion, but the calendar remains very close, even in the light of the fact that the president of the council confirms the intention to approve the manoeuvre by 15 October; the government would, in reality, time is up to 20, because at the end of next week expires "only" the term to send it to Brussels with the goal of budget balance and projections of revenue and expenses.
On the european side, meanwhile, is in the course of what Padoan defines as “a continuous dialogue with the agencies of the commission” to reject the idea of “arm of iron”. In the game there is a 0.4% deficit add that Italy asks for on the basis of “exceptional circumstances” represented by the earthquake of August and by the phenomenon of migrants. The game is open, and waiting for a result today far from obvious yesterday with the participation of the parent company of Pse to the Strasbourg parliament, Gianni Pittella, spreading optimism: the comparison with the Upb, the bank of Italy and the Court of auditors is based, according to Pittella on “assessments interim”, that will not have consequences in Europe because a “no commission would be absurd.”
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