GDP will expand by 1% in 2014, says minister
Spread between Italian, German bonds 'will shrink to 100 points'20 September, 13:27
Speaking after a cabinet meeting where budget documents were approved, Saccomanni said he was optimistic about prospects for 2014.
"We expect for 2014 a rate of growth of 1%, thanks to the positive impact of the reforms," he said.
Meanwhile, in the final quarter of this year the government is paying 11.3 billion euros owed to private contractors for work already done, while another 17.9 billion has been set aside for public bodies, the minister said.
He also forecast that the spread between Italy's benchmark 10-year bond and its ultra-safe German counterpart will shrink to 100 basis points.
The spread closed Thursday at about 236 basis points.