May 23, 2019 / 7:16 AM / a month ago

Italy will broadly stick to 'DEF' document commitments - official

MILAN, May 23 (Reuters) - Italy will broadly stick to budget commitments set out in its multi-year ‘DEF’ financial planning document, a senior government official said.

Economy Undersecretary Massimo Garavaglia, a leading member of the ruling League party, told Radio 24 that the government would find money to introduce a “flat” corporate and income tax by reviewing a system of tax breaks worth 48 billion euros ($54 billion).

Garavaglia said the government would also be able to find funds to avoid a planned VAT hike worth 23 billion euros.

“I think we’ll get to the end of the year with 0.4-0.5 percent (economic growth), that’s the starting point and then the goal is to stick to the trends outlined in the DEF document,” he said.($1 = 0.8972 euros) (Reporting by Valentina Za)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below