Martedì 20 Agosto 2019 | 03:45

NEWS DALLA SEZIONE

Rome
M5S, PD ponder ahead of Conte speech

M5S, PD ponder ahead of Conte speech

 
Vatican City
Humanitarian women sign of God's compassion tweets pope

Humanitarian women sign of God's compassion tweets pope

 
Florence
Escaped Thai pig caught on Florence street

Escaped Thai pig caught on Florence street

 
Pavia
18-yr-old arrested for Vigevano post office robbery

18-yr-old arrested for Vigevano post office robbery

 
Lipari
Flames engulfing Lipari put out at dawn

Flames engulfing Lipari put out at dawn

 
Milan
Black sexton racially attacked near Milan

Black sexton racially attacked near Milan

 
Venice
Venice issues 100th urban DASPO ban

Venice issues 100th urban DASPO ban

 
Bologna
Killer of Chinese barista gives self up

Killer of Chinese barista gives self up

 
Rome
Soccer: Balotelli joins Brescia

Soccer: Balotelli joins Brescia

 
Rome
Soccer: Balotelli joins Brescia

Soccer: Balotelli joins Brescia

 
Rome
M5S, PD ponder ahead of Conte speech

M5S, PD ponder ahead of Conte speech

 

Il Biancorosso

Coppa Italia
Bari perde ad Avellino 1-0, sfiorato gol alla fine

Bari perde ad Avellino 1-0, sfiorato gol alla fine

 

NEWS DALLE PROVINCE

TarantoLa protesta
Poste Taranto, Cgil: un mese di sciopero servizi aggiuntivi

Poste Taranto, Cgil: un mese di sciopero servizi aggiuntivi

 
LecceMalendugno
Torre dell'Orso, si tuffa dalla falesia e finisce sugli scogli: grave 16enne

Torre dell'Orso, si tuffa e batte la testa sugli scogli: grave 16enne

 
MateraDopo il rogo
Bernalda, 14 braccianti in nero dormivano nella «Felandina»

Bernalda, 14 braccianti in nero dormivano nella «Felandina»

 
PotenzaIl caso
Riforma poli museali, la Basilicata è contraria a «sposare» la Puglia

Riforma poli museali, la Basilicata è contraria a «sposare» la Puglia

 
BariIl restyling
Bari, telecamere e luci led per la pineta di San Francesco: ottobre i lavori

Bari, telecamere e luci led per la pineta di San Francesco: ottobre i lavori

 
BatIl caso
Barletta appestata da puzza nauseante: cittadini costretti a chiudersi in casa

Barletta, puzza ammorba la città, cittadini si chiudono in casa. Sindaco: sono criminali

 
FoggiaGiovani e la musica
La leggenda del pianista di Apricena: dalla Puglia a Morricone e alla Tv

La leggenda del pianista di Apricena: dalla Puglia a Morricone e alla Tv

 
BrindisiAtti vandalici
Ceglie Messapica, vandali al castello: 3 turisti minorenni denunciati

Ceglie Messapica, vandali al castello: 3 turisti minorenni denunciati

 

i più letti

Rome

No deficit spending for tax cuts, spread will weigh says BoI

Agrees with DEF picture, 'considerable risks'

No deficit spending for tax cuts, spread will weigh says BoI

Rome, April 16 - There should be no deficit spending to fund tax cuts in next year's budget, the Bank of Italy said Tuesday. Reporting to parliament on the DEF economic blueprint, BoI chief economist Eugenio Gaiotti welcomed the government's decision to review tax expenditures. Overall, he said the BoI agreed with the DEF's general picture of the economy. He said "it is subject to considerable risks, that may come from a worsening of the global context and from a more accentuated deterioration of business confidence". Gaiotti added that it will take "considerable financial cover" to reach the government's policy targets including deactivating a VAT 'safeguard clause', investments, tax cuts and debt reduction. Without VAT hikes, he said, the budget deficit will be 3.4% next year, 3.3% in 2021 and 3% in 2022. The Italo-German bond-yield spread will weigh 0.7% on GDP if it stays at its current high levels for the next three years, the central bank warned. BoI chief economist Eugenio Gaiotti, briefing parliament on the government's DEF economic blueprint, said the high spread would "cut growth by 0.1 percentage points in a year and 0.7% in three years". "The elevated spread will continue to have a negative effect, and a growing one, on the years after 2019," he said. He complained that the government had not supplied information on alternatives to hiking VAT in the so-called financial 'safeguard clauses'. The parliamentary budget office (UPB), meanwhile, said the DEF programme was "valid" but the "macro-economic scenario remains conditioned by strong risks, prevalently oriented on lowering conditions, which prompt caution in forecasts".

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