Renzi: with this Def 10 billion from spending and no increase in … – Il Sole 24 Ore

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This article was published April 7, 2015 at 16:10.
The last change is the April 7, 2015 at 21:06.

In Def “no cuts” to the benefits of citizens’ and there are no increases taxes: I know that there are used to, but since we are in government we made a steady reduction in the tax burden. ” He said the Prime Minister Matteo Renzi, in the press conference after the Council of Ministers convened today at Palazzo Chigi for the preliminary examination of the Document of economics and finance, which will be launched in the final meeting next Friday.

The spending review continues, the expected savings of 10 billion
The only cuts that will be explained later Renzi referring to the program of rationalization of public spending, will cover the spending review, which “will be worth it 0.6% of GDP, roughly 10 billion, even if we think there is a better margin, a space to cut 20 billion. ” The spending review under the Def “is not an attempt to harm the citizens but to make better use of the money of the citizens.” For Renzi, “when you say” there are cuts to the poor people, “the opposite is true,” and “it is shocking that there are thousands of companies that make investments locally: cut is a favor to the citizens, we must reduce IT expenses. This is reducing spending, not going to intervene on the living flesh of the citizens. ”

Reduction in taxes in 2016, “if the conditions are met ‘
Renzi reminded reporters that the cuts made so far to reach 18 billion in 2015 (” 10 by 80 euro and 8 from the measures at work “, plus” even 3 billion safeguard clauses “that will not click) and assured that” if we are in a position ‘tax will be reduced “in 2016.”

Padoan: expectations could be wrong by default
Of the numbers contained in Def spoke instead Economy Minister Pier Carlo Padoan. Few sentences, to confirm the optimistic approach of the government because the ” Italian economy is now better than it was thought just a few months ago, to exogenous factors and own merits. The Def is therefore “an ambitious program of structural reforms’, which will be carried out” in an already drawn and with a macroeconomic scenario improved. ” For Padoan, “if it strengthens the confidence of households and businesses after that of the markets, the expectations may be wrong by default”

GDP at +0.7 and deficit-GDP to 2 , 6% in 2015
But prudence, the minister explained, it is a must, and the expected GDP for the next three years is therefore to +0.7 in 2015, +1, 4 in 2016 and +1.5 in 2017. On the debt, the deficit-GDP should reach 2.6% in 2015, 1.8% in 2016 and 1.7% in 2017 . The Def discussed today in the first instance is “expansive nature, allows the use of resources for growth and respect the rule of debt.”

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