The Bank of Italy on Friday said the
Italian government must find an additional 14.3 billion euros in
next year's budget to cover Premier Matteo Renzi's signature tax
bonus - equal to 80 euros per month for low earners - if it
wants to maintain deficit reduction targets.
The Bank of Italy's calculations were based on the
government's estimated budget for 2015, which foresees up to 17
billion euros of savings through spending cuts.
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