Giovedì, 18 Ottobre 2018

Balanced budget in 2013, Monti repeats


(ANSA) - Rome, October 12 - Italian Premier Mario Monti says
his government's new 11.5-billion-euro budget will keep Italy on
track for balancing the budget next year as promised.
The budget package, which lowers the bottom two tax
brackets but cuts educations and health spending, comes on top
of a 30-billion-euro emergency clutch of spending cuts and tax
in December to stop Italy falling off the euro-crisis cliff.
Speaking on Thursday night, Monti acknowledged that his
administration of unelected technocrats had "weighed in an
unprecedented way on citizens with (our) reforms".
But he noted that, despite this, "we are still more popular
than the parties (we replaced) who did not do these things".
Voter disenchantment with parties has grown amid a welter
of graft and sleaze scandals across the country.
Monti's aim is to bring the deficit/GDP ratio down to 0.1%,
a "technical" balancing of the budget.
Several international forecasts have said he will not hit
the target because of a steep decline in GDP after austerity
measures helped push Italy deeper into recession.

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