The EU criticizes Italy for not respecting the objective of reducing public debt


ROME (Sputnik) – The EU criticizes the draft of the Italian budget law for not respecting the objective of reducing public debt, in a letter that European commissioners Valdis Dombrovskis and Pierre Moscovici sent to Italian Economy Minister Roberto Gualtieri.

"The Italian project does not respect the objective of reducing debt in 2020," reads the letter, published by the newspaper La Repubblica.
In the words of the European commissioners, the Italian plans of increase primary spending of the Government in 1.9% of GDP "are not in line with the requirements for budgetary policy, established in the recommendations of the European Council of July 9, 2019".
The European Commission asks that by October 23 the Italian Government provide more information "on the composition of the changes in the structural balance and expenditure", provided by the budget law.

According to the calculations of the International Monetary Fund, the Italian public debt will go from 132.2% of GDP in 2018 to 133.2% in 2019 and will continue to grow in the coming years.

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