Martedì, 16 Ottobre 2018

Italy to meet balanced budget goal in 2013


Brussels, January 21 - Italian Economic Minister
Vittorio Grilli told the European Union Parliament on Monday
that Italy would have a balanced budget in 2013.
Italy will have "a balanced budget beginning this year,
with a 3% of GDP surplus, which will rise to 5% by 2015," Grilli
Italy must balance its budget to meet its obligations under
the Fiscal Compact signed by European partner countries last
March to help shore up the common currency.
"There will be no (new austerity) measure because the
objective is adjusted for the (economic) cycle, and thus, when
one has a balanced budget in structural terms, it is not
necessary to weigh down the economy with other (austerity)
measures," Grilli added.

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