The economic and financial document written by the Monti government overestimates the interest on the public debt and "could be updated for the better". This is the opinion of Fabrizio Saccomanni, Minister of the Economy.
At the end of the general discussion on the Def in the Senate, the owner of via XX Settembre specified that "the document must be updated taking into account the needs of the country and the economic situation, which continues to be negative", but "assumes a charge on the public debt probably higher than what has been achieved with the reduction of interest rates on the financial markets in recent weeks despite the political uncertainty”. The Def estimates interest payable at 5,3% of GDP in 2013 and 5,6% in 2014.
Furthermore, according to the minister, the closure of the excessive deficit procedure by the EU "could have further positive repercussions".
Meanwhile, the majority parties are asking the government to review the public finance framework, respecting the commitments undertaken by Italy with the European Commission on the balances for 2013 and 2014.
