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Padoan: "Spending review at the heart of the government's strategy"

According to the number one of the Treasury, "further margins for efficiency improvement and savings are possible and the Government is already implementing measures that will allow progress in this direction" - "More decisive recovery from 2015 onwards" - "Premature to assess the effect of the 80 euro bonus on consumption".

Padoan: "Spending review at the heart of the government's strategy"

“The spending review is and remains at the heart of the government's strategy. It is indispensable for the achievement of growth”. This is the message launched by the Minister of the Economy, Pier Carlo Padoan, during his briefing in the Chamber on the spending review.

"In addition to the spending review measures already introduced in 2014, further margins for efficiency improvement and savings are possible and the Government is already implementing measures that will allow progress in this direction", added the number one of the Treasury. 

Among the interventions useful for creating new savings margins, Padoan recalled the programs "launched" to improve the efficiency of public buildings, investments for the reduction of public lighting costs, the digitization of the public administration; the definition of standard fiscal needs and capacities, with the aim of making them operational as early as 2015; controls on the prices at which the PA makes purchases.

On the other hand, if new resources do not arrive from spending cuts, from January the cut in tax deductions, as envisaged by the last stability law of 2014, which requires issuing a decree by 15 January 2015 to guarantee 3 billion in 2015 , 7 in 2016 and 10 in 2017.

"However, this revision will not be applied - underlined the minister - if measures are approved by the date of January XNUMX that ensure, in whole or in part, higher revenues and/or cost savings, to be achieved through rationalization and revision interventions of shopping".

As for the general trend of the economy, after the disappointing data relating to GDP in the second quarter published yesterday by Istat, Padoan stated today that "the most recent macroeconomic forecasts place in 2015, and beyond, a more decisive and sustained. It is in this medium-term context that the government's economic policy takes place".

Finally, Padoan responded to the criticisms of Confcommercio – which had complained about the insufficiency of the 80 euro Irpef bonus as a stimulus for consumption – by remarking that "it is at least premature to indulge in assessments on the impact of the introduction of the tax bonus just three months from the actual reception by the families”. 

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