For the Minister of Economy, the new European rules will not please those who think of a growth model based on "laxity, debt and subsidies". And he warns that he will not accept compromises
The CDM gives the green light to the Def in a light version, without the programmatic part: "Agreed with the EU". In the Nadef the GDP for 2024 was at +1,2%. Debt at 137,8% this year, then increasing until 2026. Giorgetti: “If necessary…
During his hearing in Parliament, the economy minister does not respond to the Central Bank's findings on the widening of the deficit. "Our action is based on realistic prudence" - The PBO validates the Nadef, but warns: “The economy is slowing down”
During a hearing on Nadef Bankitalia, amidst uncertainty and high risks, he paints a problematic scenario for economic activity and calls for maximum prudence in budget policy otherwise "the uncertainties could worsen"
After yesterday's slip-up, go-ahead for the government's report on the 3,4 billion budget variance – Eventful session in Montecitorio: tussle and protests in the courtroom, tensions also in the Senate
The many absences in the majority led to the rejection of the budget variance. It will not even be possible to approve the resolutions on the Def
Before the joint budget commissions of the Chamber and Senate, Bankitalia underlined the crucial importance of the Pnrr and the need for more structural fiscal actions and a greater reduction of the public debt. High risks are lurking.
Public debt has reached 2.772 billion and the upward trend of will continue in the coming years. Tax revenues down by 3%. Foreign investors are declining
The first economic and financial document of the Meloni government has traced the path on the interventions that we want to carry out. And among these there are no pensions. Here because
The Council of Ministers also approved the state of emergency after 2000 landings in the last 48 hours - Ad horas the appointments of large public subsidiaries
Final touches to public appointments and Council of Ministers for the launch of the Def scheduled for the Government today - The games are done but Meloni must tame Salvini's concern
Energy, PA payments, ITA Airways and the 2023 Budgetary Planning Document. All the dossiers on the next government's table. Here are the analyzes of the Observatory on Italian Public Accounts
Unanimous green light from the Council of Ministers for Def 2022: less deficit and debt and GDP at 3,1% - Decree for new support of 5 billion against high energy prices
Via Nazionale underlines before Parliament that "the full implementation of the reforms is the real challenge for the coming years": if we fail, growth will be lower than expected
The council of ministers approved the update note of the Def - 2021 GDP at 6%, deficit at 9,4%, 18 billion a year of margin for the next 3 years - Irpef reform and social safety nets on the way...
The new 40 billion difference that the government approved with the Def brings the bill since the beginning of the pandemic to 497 billion: almost two and a half times the money allocated to our country with the Recovery Fund
The new economic and financial document will arrive next week, which will contain a maxi-budget gap for refreshments and expansionary measures - The goal is to restart at a rapid pace between June and July
An annex to the Def update note shows that, in relation to GDP, the value of the economy hidden from the tax authorities shows no signs of decreasing - Undeclared work is increasing - The numbers of tax evasion on Irpef are decreasing, but remain very high…
The Parliamentary Budget Office validates the adjustment note to the Def but warns about public debt. Even the Bank of Italy heard in Montecitorio, warns that the debt at 150% of GDP "is very dangerous" and underlines the importance of the Recovery…
Bank of Italy, in a hearing in Parliament on the Def, explains that due to the epidemic there will be a drop in revenue never seen in the last 50 years. Ok to GDP estimates -8% but only if Phase 3 kicks off in June -…
The Government has approved the new Def - Deficit at 10,4% this year and 5,7% in 2021 - With a second wave of the epidemic (and without a vaccine) the recovery will postpone
The European price lists are dealing with the Remdisvir flop and the indications issued by the EU summit - Piazza Affari awaits the American verdict - Eni recovers after the quarterly report - Fca and Tim down
At 18.30 the Council of Ministers for the update of the Def - Possible a "remodulation" of the lower VAT rates, also with anti-evasion measures - Cutting the wedge, but only from mid-year - Citizenship income and quota 100 not…
The Government will launch the new Def on Monday afternoon - The hypothesis of a selective increase in some VAT rates is shaking up the eve and finding the right balance for all spending commitments is not easy.
Government at work to update the Def arriving at the Council of Ministers. The taxman will have an important space: here are the figures and the main measures under study
This was underlined by the president of the Parliamentary Budget Office during a hearing on the Def - Bankitalia adds: "The permanent increase in the spread weighs on GDP"
The improvement on Brexit and the expectation of signals from the ECB give some oxygen back to the stock exchanges while Piazza Affari (+0,3%) downsizes the Def and the collapse of the car
Dangerous new tensions in Libya send oil prices flying - FCA buys Tesla's electricity rights - Rain of meetings for companies listed on Piazza Affari
In a letter sent to Tria, Eurocommissioners Moscovici and Dombrovskis express the EU's "grave concern" over the "significant deviation" from European parameters - If there are no other corrections by the 15th, the clash is inevitable with repercussions…
In the middle of the day, European stock markets are in the red due to tensions linked to the US-China tech war and the Fed rate hike - The update to the Def weighs on Piazza Affari: banks under fire and spreads on the rise again…
The Economy Minister updates the Def data and sends it to the European Commission hoping for an open discussion - The Government is betting on GDP growth of 2019% in 1,5 - Public deficit at 2,4% and then declining - I …
Deficit confirmed at 2,4% of GDP in 2019. However, it will drop to 2,1% in 2020 and 1,8% in 2021. The government also promises to slightly reduce the debt - But Lega and M5S do not give up their immediate claims on…
The Government's intention to reduce the public deficit to 2019% of GDP for 2,4 alone causes the Btp-Bund spread to decrease and invigorates the Stock Exchange which gains 0,8% - Recordati, Azimut, Leonardo and Enel shine - New record for the…
After the launch of the Def, the releases of Salvini, Di Maio, Conte and Savona further confirm Mario Draghi's observation that the Government, as well as with its acts, worsens the situation with its…
Beyond the disastrous effects caused on the stock market and on the spread, the real question that the Def asks is: is the government's budget maneuver really capable of creating growth and jobs or, by leveraging the increase in…
Uncertainties about the budget maneuver and the line of the Minister of Economy ballast Piazza Affari which loses 0,6% and is the worst list in Europe due to the strong sales of bank stocks and Atlantia - Mediaset bucking the trend -…
Day of truth about the Def: Minister Tria tries to resist attempts to blow out the deficit and the markets know it - In the US, the Fed raises rates for the time despite Trump's dissent
The pressing of the 5 Stars on the Def reveals that the clash is not on a few decimals of difference but on the setting of the budget and on the role of spending in supporting growth. Di Maio does not give in even though Tria is already…
The markets are pricing in a new rise in US rates, while oil rises to a four-year high - Watch the Def: will it keep the Tria levee on the deficit below 2%? - Banca Carige's decline continues - Corre…
The pressures of the Five Stars on the basic income and of the League on pensions and the tax authorities cause the deficit/GDP ratio to rise in the Def but the real battle will be in Parliament on the maneuver - Renzi unmasks Salvini on the flat tax:…
Fears of heeling on the Def cause the Btp-Bund spread to rise above 240 but the US-China trade war and the rise in oil prices also weigh on the fall in the stock markets - Piazza Affari among the worst (-0,91%), dragged …
While Cyclone Florence and the storm rage over southern China, Trump is preparing to impose a 10% tariff on Chinese goods and Beijing's response will not be long in coming - Markets are also anxious about the arm…
The Industry 4.0 Plan is changing the Italian production system and it would be irresponsible if the new Def did not find the resources necessary to guarantee the continuity of the interventions - Five priorities and the need for a great national confrontation without…
UBS REPORT - The rise in yields on BTPs and the spread weigh on bank capital and the real economy, but the crucial appointment will be that of the autumn budget maneuver - What to do on the Stock Exchange
The Economy Minister speaks to the Chamber where the Def is under discussion: "Debt reduction is essential" - "No new burden for public finance" - "Structural reforms are needed but also the revival of growth": and announces the creation …
Hearing of the deputy general manager Signorini before the commissions of the Chamber and Senate: "If we want to avoid or contain the increase in VAT and we are determined to reduce the debt in a visible and significant way, we will have to look for alternative sources of increase…
the Gentiloni Government has included the action of the Chambers of Commerce in the part of the new DEF as a driving element of the country's modernization
Growth confirmed at 1,5% in 2018, Deficit/GDP ratio rises to 2,3% in 2017 due to bank bailouts, decreasing debt - Gentiloni: "It is a particular Def that does not contain the programmatic part of the reforms"
In the resolution on the Update Note to the Def approved on Wednesday, the parliamentary majority asked the Government to gradually review the structure of this tax - Here's what it is, who has to pay it and how much it's worth.
But there is high tension between the government and the Mdp after yesterday's rift and the resignation of the deputy interior minister Bubbico.
The Governing Council met the Undersecretary for the Economy and Finance Pier Paolo Baretta for an exchange of views on the Update Note of the DEF
The Hall of Palazzo Madama approved the majority resolution on the update note of the Economic and Financial Document and the majority resolution which provides for a deviation from the balanced budget by 1,6 points of GDP
FULL TEXT OF THE INTERVENTION ON THE DEF IN THE CLASSROOM OF MONTECITORIO - "Debt is a brake on our growth potential" but "the Italian political situation seems to have forced the Government into an unambitious programmatic project" - Relaunching reforms
"The phase of significant improvement in the labor market persists" and a "further progressive increase in employment is foreseeable in the coming months and years". This was stated by the Minister of the Economy, Pier Carlo Padoan, in the hearing on the Note to the Def.
The deputy general manager Signorini in a hearing in the Senate on the Def (attached text in Pdf): "Ensuring the full implementation of the pension reform" - "The prospects for demand, employment and external accounts are favourable: now a significant cut of…
The new forecasts on public finances and the flexibility coming from Brussels clarify the contours of the budget law under construction - Here are the news being studied on pensions, state contracts, recruitment bonuses, industry 4.0 and the fight against poverty
The update note of the Def approved by the Government on Saturday foresees receipts of 3,5 billion euros in 2017 for the Treasury deriving from privatizations in order to reduce public debt: this suggests that the Government thinks of…
With a lightning-fast Council of Ministers (which lasted a total of 33 minutes), the Government raised GDP estimates to 1,5% not only for 2017 but also for 2018 and 2019 and - with Prime Minister Gentiloni - assured …
The Pd has decided not to ask for the text to be scheduled in the Senate in September - The government does not want to risk disturbing the already fragile balance of the majority before the approval of the Def at the end of the month
For Padoan, therefore, "having confirmed the Government's willingness to continue along the path of progressive reduction of the tax burden, the need remains to finance this reduction on a permanent basis".
Economy Minister Pier Carlo Padoan explains in an interview with Il Messaggero that "the decision to reduce the burden on income or on work will be made in the autumn". To defuse the safeguard clauses on VAT and excise duties "we have to think…
Among the various measures included in the Def there is also an intervention for the precautionary recapitalization of banks in difficulty, for which the document assumes "a use equal to about half of the resources made available with the decree" of ...
The government has approved the Def, which provides for another 2,8 billion euros to be allocated for the public sector, state and non-state sector, to arrive at an average contractual increase of 85 euros with the 2016-2018 renewals - Ok…
During its parliamentary hearing on the Def, the Bank of Italy, through the deputy general manager Signorini, did not hide its skepticism about the growth estimates contained in the Def: 2017 GDP at 1% against a trend of +0,6% is defined a…
The Council of Ministers approved the Update Note of the Def which forecasts for 2017 GDP growth of 1% against 0,7-0,8% this year and growth of the deficit to 2%, with more flexibility (+0,4%) for…
The news of Tuesday 27 September arrives from Milan and is given by Renzi: green light for the bridge over the Strait of Messina - But there is also the Stock Exchange, which continues to lose, and some news from abroad, in particular from the banking world…
General Manager Focarelli in a hearing in Parliament on the Def calls for interventions for greater involvement of companies in the economy: To make small-medium insurance companies invest "you need initiatives assisted by public or private guarantees" - To push savers towards…
The minister heard in Parliament on the Def: "The sterilization of the safeguard clauses will take place by implementing an alternative maneuver that will guarantee net debt equal to 1,8% of GDP in 2017" - "The reduction of the debt stock is fundamental" - Investimenti :…
The Deputy Director General of the Bank of Italy at a hearing in Montecitorio: "Beware of geopolitical tensions and market volatility" - "Debt reduction objective is good but the margins are not large" - "Assess permanent cut in the tax wedge" - "Ok stop clauses …
Downward revision of GDP growth estimates, Deficit-GDP ratio to 2,4%, sterilization of safeguard clauses, reduction of public debt: the Council of Ministers has approved the Def - Ansa video.
Downward revision of GDP growth estimates, Deficit-GDP ratio to 2,4%, sterilization of safeguard clauses, reduction of public debt - these are the central arguments of the Def that the Council of Ministers will approve today.
