Manoeuvre in arriving at the Parliament, you would expect the response letter to the Eu – The Republic

MILAN - “The law of the Budget of the next submission to the Parliament, continues in the action of re-launching public investment” and “supports the growth”. As the minister of Economy, Pier Carlo Padoan, speaking at Savings Day is back again on the times of forwarding the budget to the Parliament on the day on which you expect the letter of the Treasury in Brussels, in response to the first findings made by the european Commission on the text forwarded from Rome.

The points at the center of the message that will be signed by the same Novel are two: the objections to the structural deficit, which rises by 0.1 percentage points compared to a fall of 0.6 points in accordance to the Eu rules; and the exceptional circumstances due to the earthquake and migrants who have generated extra costs for the public budget, unfortunately, likely to be updated as a result of the new events to the chronicle.

On the first point, reconstructs the Republic in newsstand, the line of the Treasury is to keep in mind that in reality, the deficit/Gdp structural remains at 1.2% in the next year, and then we play 0.1 points more than the tolerance of 0.5% is allowed by european rules so as to not trigger the rejection of the text. “The Italian economy is growing in a difficult context, the debt continues to come down,” and “in this context, the policy of the government continues in the narrow road to support the development and consolidation of the budget, set by the high level of debt”, he remarked still Padoan: “With limited resources, he added,” the quality of the measurements is even more important than the quantity.”

On the face of the extraordinary expenditure, in the aftermath of the new powerful earthquake that struck Central Italy, the Eu Commission confirms that all the expenses to face the emergency will be considered out of the deficit. “According to the Eu rules says all the’Reuters the spokeswoman, Annika Breidthardt, the costs for the emergency short-term response to a major natural disaster can be considered as exceptional and therefore excluded from the calculation of the structural efforts of a State during the evaluation of the compliance with the rules of the stability and growth Pact”. “For example – continues – in the case of Italy the costs of the disaster of the earthquakes in Abruzzo and Emilia as well as other natural disasters have been taken into consideration in the past.” “We will not make comments now,” concludes the spokesman – on the earthquake of last night. Any cost that is consistent with the ap plicable criteria will be evaluated if and when we receive full details from the Italian authorities”.

Topics:

the law of fiscal 2017

maneuver

Starring:

pier carlo padoan