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There is "a risk of a moderate downward revision for the 2018 growth forecast". A little more than a month after the establishment of the yellow-green government, the Minister of Economy Giovanni Tria presented in hearing before the committees Budget of the House and the Senate to illustrate the orientations of his mandate.
"Growth estimates slow in the second quarter, but no corrective action" – "Despite a positive image," he said, "the data suggests that growth has continued until the end of the decade. the whole of the second quarter but at a slower pace "in the same period of 2017 and more recent internal estimates indicate a similar growth rate for the second quarter" in the first. "Tria also said:" The Government does not intend to take corrective action during the year "and avoid" measures that could aggravate the balances ". And he added that it is "still possible to close 2018 with the debt programmed and confirmed by the Def. We are confident that the 2018 data will be consistent with this goal. from the EU is pointing to the expectation of the final figures. "
by Manolo Lanaro
" We will continue to reduce the ratio of debt Pil "- [19659003] The goal of the entire government is the priority pursuit of the growth of the economy in a framework of social cohesion within a fiscal policy that provides for the continuation of the reduction in the debt-to-GDP ratio We will also continue to move in a direction that will not aggravate structural equilibrium ". In addition, "the government will work to obtain the necessary spaces from Europe and this Parliament to implement the measures envisaged by the program", while ensuring that "no reversal of the trend in the structural path" n & # 39, is necessary to "strengthen confidence" "We will set up three working groups" – The Minister of Economy also said that he would create three task forces, l & # 39; one in the field of welfare, the other for taxation and the other for public investment. "The three priorities," he explained, "are social inclusion and active employment policies, with a particular focus on the fight against poverty and reintegration into the world of work. ". And then "the reform of direct taxation with the priority objective of gradually reduce the burden on low and medium incomes and small businesses". Finally, "revive public investment not only by greater budgetary resources but also by removing the bureaucratic obstacles and organizational weaknesses that have slowed them in recent years."
"We will study the uniform tax" – income and distribution profiles related to the badumptions of the reform to the Uniform Tax in a consistent fiscal policy framework. I remember that the simplification of the system and the gradual reduction of projected taxes in the trend of public spending have long been considered an essential element in creating an environment conducive to growth and in line with the recommendations made by the Commission. European. OECD
Thus, "the trend of public finances is substantially in line if not better than projections, the data of needs and the evolution of incomes suggest that the positive trend could continue in the second quarter" but the trend " of the second Half of the year will also depend on the maintenance of a good growth of economic activity and employment as well as the level of yields of government bonds that will be issued ".
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