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Grilli: "Parliament can decide differently on retroactivity, but a billion will be needed"

Speaking of the changes to the deductions contained in the Stability Law, the Finance Minister declared that Parliament will have the last word on retroactivity – “But hedging constraints must be respected” – On debt reduction: “In 2013 I hope to do more than one point of GDP”.

Grilli: "Parliament can decide differently on retroactivity, but a billion will be needed"

“We will discuss together. A choice will have to be made. Parliament can take a different decision“. Thus spoke the Minister of Finance Vittorio Grilli, during an interview with Il Sole 24 Ore, speaking of the Stability Law, and in particular of the discussed retroactivity of changes to the system of deductions and deductions contained therein.

"Retroactivity in tax interventions - added the minister - is often necessary for hedging reasons". In case of a step back on this issue, it will still be necessary to find approximately one billion to be budgeted for next year, and in this case it will therefore be necessary to resort to new cuts: “even cuts, however, are not without consequences. So we felt this was the best balance."

Grilli then declared that the funds deriving from the disposal of public assets will be used to pay the debts contracted by the Public Administration, before closing the interview by speaking of the objective on public debt, which indicates its reduction equal to one point of GDP as a result per year: “In 2013 I hope to do even more. With the spending review we have introduced the necessary tools”.

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