As many as 800,000 new jobs
could be created in Italy thanks to new measures contained in
the government's latest budget, says Economy Minister Pier Carlo
Padoan.
"It could be so," the minister said in an interview with
the RAI television program 'In mezz'ora' broadcast on Sunday.
Last week's 2015 budget, which has been submitted for
European Union approval, contained some 36 billion euros in new
tax and spending measures.
Companies must now make the most of tax savings, such as
cuts of the IRAP regional levy and a three-year break on social
contributions for new hires, to invest and create new jobs, said
Padoan.
"Now, you invest and create jobs," said the minister.
He also said a cap of 1,200 euros has been set for the tax
break for new employees, a detail not previously known.
President Giorgio Napolitano was set to sign the budget
bill later on Monday and and the following day, it should then
go to a Lower House committee to start its path through
parliament.
Another last-minute measure was announced Sunday by Premier
Matteo Renzi, who said the budget law will extend the
80-euro-a-month tax bonus that the government introduced this
year for low earners to families who have a newborn child.
The leader of the centre-left Democratic Party added that
the government has set aside 500 million euros in the budget to
finance the measure.
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