(ANSA) – Brussels, November 8 – The European Commission on Thursday revised its forecasts for Italy’s budget deficit to 2.9% of GDP in 2019 and 3.1% in 2020.
This was because, it said, of expensive measures in the 2019 budget including a basic income, reform of the Fornero pension reform, and public investments, all of which, the EC said, "will significantly increase spending".
The EC said the figures do not take into account the so-called safeguard clauses, that is a VAT hike, given its "systematic sterilisation" by successive governments.
The Commission said in its autumn forecasts that Italy’s public […]
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