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Budget plan OK on inclusive, sustainable recovery - EC

Not asked Rome to correct budget figures says Brussels

(ANSA) - ROME, NOV 24 - Italy's draft budget plan is to be praised for its moves to stoke an inclusive and sustainable economic recovery, the European Commission said in its autumn statements Wednesday.
    The EC said Italy should maintain budget sustainability because of its high debt, and should take measures to curb the rise of public spending.
    In other points, it said that: Italy is among the countries with highest COVID costs; that Rome should use the National Recovery and Resilience Plan (NRRP) to boost its post-COVID recovery while staying alert to macroeconomic risks like inflation; and that Brussels had not asked the Italian government for any correction in its budget figures.
    EC VP Valdis Dombrovskis said that the Commission was watching Italy for the possibility of excessive imbalances and for the high level of public debt.
    photo: Economy Minister Daniele Franco (ANSA).


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