it is Not a bolt from a clear sky, because even the bank of Italy and the Court of Auditors, heard in the afternoon by the commissions financial statements the combined house and Senate have expressed criticisms , but the censorship more clear in the update Note of the Def 2016, bears the signature of the president of the parliamentary Office of the Budget, Giuseppe Pisauro. “In the light of the information available, the outcome of the validation process of the planning framework, 2017, and, in particular, estimates of Gdp growth for 2017 would lead to an outcome of “not positive” of the programmatic framework . The estimates of the government for the next year (Gdp + 1%), explains that in the course of the hearing in Montecitorio, “are marked by an excess of optimism” and are “significantly out of line with the range of forecasters from the panel, Upb”. Assessments carried out by the Upb, he observed, “lead to the hypothesis of relevant deviations in excess of the real growth and nominal, also for the year 2018″.
Def: the debt begins to be reduced in 2017, privatization impact of 0.1% Gdp in 2016
“Uncertainty” on flexibility for migrants and earthquake
But the list of concerns highlighted by the Upb – parliamentary body independent that has the task of monitoring the macroeconomic forecasts and public finance of the Government and to evaluate the compliance with fiscal rules – does not stop here. Between the chapters on which there is still “uncertainty” there is one on the classification of expenses related to events, unusual (read: earthquake and emergency immigrant), for which the government aims to achieve flexibility within the limits of the budget, up to 4 tenths of Gdp, a request which might be rejected by Brussels.
Yes to deviation linked to the decision of the Eu Commission
the motivation of The exceptional events – has explained Pisauro, is proposed to require a further update of the repayment plan, intended to allow any more space of the debt” for € 7.7 billion in 2017. However, according to the Upb, “the limited history of application of the clauses for exceptional events at the supranational level leaves a margin of discretion: the european regulation provides that the event qualified as exceptional, are adequate to justify the granting of a deviation from the path of adjustment towards the medium-term Objective, and placed in the screening case of the european Commission.
Pisauro: to the state planning framework 2017 “is not validated”
To confirm the rejection of the public accounts is total, and without appeal, at the end of the hearing, the president of Upb Pisauro remind the journalists of their “always validated the framework specified by the government in the previous two years”, but “this year the Upb “not validating”. The validation for the purposes of the european order, he explained, will focus on the draft budgetary plan, in the event that the framework will be different we’ll have to do another assessment, which today are not able to imagine the result. But to the state planning framework, 2017 for the Upb is not validated”.
M5S and Forza Italia: by Upb “rejection resounding” Renzi
The critical issues highlighted by the Upb quickly become ammunition for a polemical attack on the government and to the premier from the opposition. Rocco Palese, vice-chairman of the Budget Committee of Parliament and leader of Forza Italia speaks of a “resounding and resounding rejection” for Renzi and Padoan: “The government has inflated so much that the public accounts that the Upb has not considered it appropriate to validate the programmatic framework for the 2017″. The Five Stars also speak of “rejection merciless as granted”, stressing the contact points of the analysis Upb with the predictions of the Movement on the growth estimates of “inflated” privatisation “flop resounding” safeguard clauses “which will remain a sword of Damocles heavy”.
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