Martedì, 23 Ottobre 2018

Audit Court warns austerity is damaging economy


Rome, June 27 - Government spending cuts are
depressing economic growth, Italy's Audit Court warned Thursday.
It also said that in the face of the national economic
crisis, it will "postpone" its review of spending by public
The 2012 program of budget cuts has improved the public
books, but it has depressed economic growth for Italy, which is
"already in difficulty and in deep recession," said Salvatore
Nottola, attorney general of the Audit Court.
"The future does not look better," he added in a report on
government cash flows for 2012.
The Audit Court has previously warned that austerity
measures can be counterproductive by shrinking growth.

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