Italy’s outgoing Finance Minister Giovanni Tria said the nation’s finances are in better shape than expected, according to an interview with Corriere della Sera.
The 2020 budget deficit could be as much as 8 billion euros ($8.9 billion) lower than forecast because of savings from pension reform and citizen income, plus lower debt interest, he told the newspaper.
Tria also said it would be possible to find the resources to avoid an increase in value-added tax. VAT will rise on Jan. 1 from 22% to just over 25% unless an additional 20 billion euros can be found.
Italy avoided censure ...
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