(ANSA) - Rome, November 12 - The deputy director general of
the Bank of Italy, Luigi Federico Signorini, on Tuesday said in
an hearing on the 2020 draft budget with the budget committees
of the Senate and House that the budget bill's 0.6% growth
estimate "is confirmed as acceptable" and "in line with previous
evaluations".
The 1% growth estimate for 2021 is "not out of reach" but
with the implementation of 'safeguard clauses', which will see
value-added tax increase unless alternative sources of financial
coverage can be found, and in stable financial conditions,
Signorini also said.
Incentives for electronic payments to fight tax evasion will
work if they will be simple and clear, he added.
'Draft budget 0.6% GDP growth OK' -BoI
'1% growth in 2021 not out of reach', Bank of Italy