STEP 1-Pensions, solution will respect target deficit, debt – Padoan – Reuters Italy

       

(Adds government source and context)

       

BRUSSELS, May 11 (Reuters) – The solution to the ruling of the consultation on pensions will be consistent with the objectives of reducing the deficit and debt already set in the document and economy finance (Def).

       

The precise Economy Minister, Pier Carlo Padoan, on the sidelines of the Eurogroup on Greece.

       

The State Council has rejected the de-indexation in 2012-2013 for checks exceeding three times the minimum INPS, just over 1,400 euro per month. Therefore refunds will weigh on the budget of 2015, as well as the largest structural expenditure due to the recalculation of benefits.

       

“We will find a solution that will be in harmony with the dictates of the judgment of the Court and that it will respect the parameters that are already in Def”, the minister said.

       

The Def confirmed for this year’s deficit target of 2.6% of GDP and provides the basis to achieve in 2017 a balanced budget structure, net of the cycle and one-off.

       

Goals unattainable respecting the letter of the sentence that says a government source, involves charges amounting to approximately 19 billion, net 13-14 IRPEF due on checks reassessed.

       

“In Def there are various tax ratios that are relevant for the purposes of compliance with the rules, that is, debt, structural adjustment for the Mto and the rule of debt. Those are described, I think, in detail in Def . We plan to stay within those parameters, “said Padoan.

       

Yesterday Padoan, in an interview with the Messenger, had made clear that the government intends to return only a part of indexing and “with a policy of gradual, then taking into account the income groups in terms of arrears of both future treatments. ” More …