Luke Trogni and Valentina Za CERNOBBIO (Reuters) – Government Renzi brings to the collection, in addition to the reforms carried out, the encouraging GDP data and looks to 2016 aiming to coexist ambitious goals, the decline in government debt after years of upward to reduce the tax burden for citizens and businesses. The picture painted by the Minister of Economy in Cernobbio Pier Carlo Padoan in its path a bulky obstacle: the prices are struggling to go back with effects on economic indicators, since the nominal growth, central to the fulfillment of fiscal targets. “It is true that inflation is lower than expected. It ‘s true for us, it is true for the whole euro zone, “said Padoan told Reuters in response to a question on the impact that the growth of prices has almost nothing on nominal GDP. According to the estimates contained in the Document of Economics and Finance in April, the nominal growth, which helps to determine the ratios of deficit and debt / GDP for 2015 is indicated at 1.4%. At the end of the second quarter, the GDP deflator, which measures inflation with the real GDP determines nominal GDP, has stood at 0.3%. While the government the estimated year-end to 0.7%. This ensures Padoan, will not stop the debt / GDP ratio to fall from 2016, contrary to what happened in recent years, although “the speed must be checked”. In the latest estimates of the executive should close 2015 with debt at 132.5% of GDP, before falling next year to 130, 9%. On the fiscal Minister then announced to the audience of entrepreneurs that “within the limits available,” the government, alongside the abolition of the tax on first homes, plans to extend further the reduction of taxation in favor of the competitiveness of businesses, with particular regard to those of the South. At the same time Italy is pursuing dialogue with the European Commission in November that will his opinion on the Budget Law 2016 More …
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