Premier Giuseppe Conte on
Thursday ruled out speculation that the government may have to
pass an additional corrective budget to put the public finances
in order.
"We do not consider a corrective budget to be necessary,"
Conte told a question time session in the Senate.
"We just have to continue with the rational, effective use of
the funds that have already been allocated.
"Furthermore, we have already adopted prudential measures
that shelter us from corrective interventions.
"The budget law contains account monitoring measures and a
mechanism to set aside up to two billion euros to guarantee the
public finance targets".
He said he was confident his government's policies would help
turn around the economy after it dipped into recession in the
second half of 2018.
"The fundamentals of our economy remain solid.
"We are speeding up the implementation and application of the
various measures approved over the last few months, so that they
can have effect as soon as possible.
"These effects will contribute to progressive growth, above
all in the second half of the year.
"We don't intend to let hypotheses or forecasts dictate the
agenda".
The premier added that the government will stop budget
'safeguard clauses', which will see value-added tax increase
unless alternative sources of financial coverage can be found,
from kicking in.
"The government is determined to defuse the safeguard clauses
dor VAT for 2020 and 2021, as we did for 2019," Conte said.
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