The cabinet is likely to launch a
budget adjustment requested by the EU on Tuesday April 11,
government sources said Thursday.
It is also likely to launch the government's economic and
financial blueprint, the DEF, on the same day.
The adjustment needs to be around 3.4 billion euros to reduce
Italy's structural deficit by an additional 0.2% of GDP by the
end of April to avert infringement procedures by the European
Commission.
Premier Paolo Gentiloni has stressed that the budget
adjustment will support growth and not depress it.
It is expected to feature an allocation of at least one
billion euros a year for three years to the reconstruction of
parts of central Italy devastated by a series of recent
earthquakes.
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