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Italian budget features 14.7 bn euro in adjustments

Government's 2014 fiscal plan in parliament for approvals

23 December, 15:12
Italian budget features 14.7 bn euro in adjustments (See related story) (ANSA) - Rome, December 23 - The Italian government's 2014 budget appeared set for final approval on Monday, with a package of changes worth approximately 14.7 billion euros.

Budget figures showed that higher taxes account for about 2.1 billion of that package.

Revenue to some areas of the budget will be cut by as much as 6.08 trillion euros and increased in other areas by 8.212 trillion euros. The budget also includes a new tax on municipal services of more than 3.7 billion euros to replace the unpopular IMU property tax, which was scrapped for primary residences earlier this year.

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