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Italy govt moves will impact debt - IMF

Tax-and-spend measures contrast with debt sustainability

Redazione Ansa

(ANSA) - New York, July 19 - The International Monetary Fund said Thursday that "in Italy the new government prefers measures on taxing and spending which, if fully enacted, could lead to a significant expansion of the budget in contrast with the sustainability of the debt". The IMF said countries with a high debt, like Italy, should use ongoing growth to rebuild budget buffers, thus averting the need for stronger future adjustments.
   

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