Continuing with his address to the parliament commission over budget, Italy’s finance minister Giovanni Tria was further noted saying that public finances situation can only be bettered with economic growth.
Key quotes:
“¢ Data in future months show that weakening of business environment related to the outlook for orders.
“¢ Economic policymaking decisions are influenced by Italian debt situation.
“¢ The containment strategy with respect to debt has not been efficient.
“¢ Reiterates 2019 deficit target at 2.4% of GDP, at 2.1% for 2020 and 1.8% for 2021.
“¢ Calling for constructive discussions with Brussels with regards to the budget.
“¢ Calmer dialogue is needed on all sides in the EU dialogue.
“¢ Once GDP, employment return to pre-crisis levels, structural deficit will recover.
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