Padoan confirms Gdp to 1% in 2017. Towards a maneuver from 24.5 billion with 2.6 billion in cuts – Rai News

The sterilization of the Vat increase is worth 15 billion, the package development and competitiveness’ and’ encrypted in 4.2 billion, to which must be added 3.1 billion for new measures to pensions and public contracts and 2 billion of policies in force for a total of 24.5 billion about

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October 12, 2016The Government reiterates its figures, providing – among doubts and criticism – a Gdp growth of 1% in 2017. Did not walk back to the minister of Economy, Pier Carlo Padoan, in his second confirmation hearing in a few days on an update to the Document of economy and finance (Def), which gives the framework in which to place the maneuver. The first hearing was accompanied by the “rejection” of the Office of the parliamentary budget (Upb), which had branded as “overly optimistic” the framework provided by the ministry of via XX Settembre.

Stay the distance with the estimates of the Office of budget
The Upb is an organ independent of the executive. Its president, Giuseppe Pisauro, was heard last week along with the technicians of the bank of Italy, which they termed “ambitious” intentions of the government led by Renzi. The same Pisauro takes place today, in a letter, “a difference of opinion with the Government,” but such divergence “does not obligate the Government to adapt”. The law, however, requires that it illustrates the reasons for which it considers it to confirm their own assessments,” says Pisauro. In short, with the second hearing Began, “ended the first round”, as they say the technicians of the ministry of the Economy. And ended without agreement. Another round will come with the Budget Law (also called control or Stability Law). The Final, which will be discussed and voted on by members of parliament in the next few hours, is only the prelude.

Padoan: “Our conservative estimate”
Between the estimates of the ministry of Economy contained in the Def up to date, and those of the Upb, there is “a difference content, which seems to us not meaningful”, stressed yesterday evening Padoan in Parliament. “We were cautious, considering the macroeconomic context”, the minister added, referring in particular to the consequences that it will have the block of the Vat increase. According to calculations of the ministry of the Economy reaching a real Gdp growth at 1.0% in 2017″. The economic forecasts of the executive about the effects of the law on the Budget “is still subject to change,” he stressed Padoan, because the same law has yet to be discussed by the Council of ministers.”Once the Government has dismissed the bill, it will be transmitted to the european economic and to the Parliament on the draft budgetary plan (Draft Budgetary Plan)”.

The tables of the Ministry: operation of the 24.5 billion
Meanwhile, thanks to the tables brought by the staff of the minister in Parliament, takes the shape of the new Budget Law, which should be fired by the executive this Saturday, to be then discussed in the house and Senate.

A maneuver by 24.5 billion.

sterilization of The Vat increase is worth 15 billion, the package development and competitiveness’ and’ encrypted in 4.2 billion, to which must be added 3.1 billion for new measures to pensions and public contracts and 2 billion of policies in force for a total of 24.5 billion. And as you can see from the tables filed by the minister of Economy, Pier Carlo Padoan, in the course of the hearing of the parliament.