Government rules out 2014 'mini budget'

(ANSA) July 29 - Prime Minister Matteo Renzi's government will not carry out an additional corrective budget in 2014 despite continuing concern over the slow pace of economic recovery, Junior Economy Minister Enrico Morando said Tuesday.
    "This does not mean that we are not concerned about the way the economic cycle is going but to speak continuously of corrective budgets is not helpful, it is negative," Morando told a conference of the Confcommercio shopkeepers' association.
    Morando added that the decision-making phase on public finances for 2014-2015 "is an enormously tough period that will have as its centre the success or non-success of revising public spending".
    The junior minister underlined that: "If we start 2015 with an almost zero rate of growth as we have at the moment there will be a drag effect and this will pose a serious problem to tackle".