Italy’s finance minister Giovanni Tria, addressing the parliament commission over budget, stated that the budget was aimed at answering the citizens’ concerns.
Key points:
“¢ Unacceptable economic growth gap with the EU as a whole.
“¢ The low-growth in Italy did not facilitate a debt to GDP cut.
“¢ The government wants to ensure it significantly reduces debt to GDP.
“¢ Declining global trade may be detrimental to Italian growth..
“¢ Notes a high risk of a decline in the global macroeconomic backdrop.