Former spending-review commissioner
Carlo Cottarelli said Friday that he did not see how public
expenditure cuts could provide the budget coverage needed to
stop a big hike in value-added tax kicking in at the start of
2020.
"There is certainly no way to find the 23 billion euros
(needed to avert the VAT increase), starting from now, with five
months to go to the (new) budget law," Cottarelli told ANSA
after Laura Castelli and Massimo Garavaglia were appointed the
new spending review commissioners.
"I wish the new commissioners well.
"There's still a lot to do but it's a bit late to start".
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