Giovedì, 18 Ottobre 2018

Spending review passes House, aims to save 26 billion euros


(ANSA) - Rome, August 7 - The House on Tuesday gave
definitive approval to the Italian government's spending review
that aims to save 26 billion euros over the next three years.
The package had already been approved by the Senate.
The bill was passed with a confidence vote, with 371 MPs
voting in favour, 86 against and 22 abstentions.
The cuts, which among other things aim to avert a 2%
increase in VAT scheduled for October, include a 10% reduction
of staff and 20% reduction of managers in Italy's large public
administration, as well as trimming benefits.
The bill includes cuts to health-care spending and defence,
slashing chauffeured cars for public officials and raising
higher-education tuition fees, with university students behind
in their coursework getting hit particularly hard.
The International Monetary Fund has called the plan "a step
in the right direction" that will help Italy's budget in the
short term, but added that deeper measures would be necessary to
"reinforce prospects for the medium term".
Labor unions have called the cuts "a meat cleaver" and have
threatened to stage a public-sector strike.

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