According to Bloomberg News, the Italian prime minister's office on the 6th announcement that the Italian government approved a ? 26 billion spending cut in the next three years, the latest austerity plan. In order to alleviate public dissatisfaction with the austerity, the Italian government has also decided that the VAT rate from 21% to 23% of the implementation of the policy at least one-year deferral.
According to the latest policy tightening, Italy In 2012, three years of 2013 and 2014, respectively, to cut 4.5 billion euros, 10 billion euros and 11.5 billion euros of expenditure.
In December last year, Italian Prime Minister Monti took office when he announced that the country plans to increase VAT in October this year. In this regard, Italy, on the 6th, a senior official said: "improve the national economy of tax will have serious implications for."
Italian think tank, Bruno Leoni, Research Center, said: "This is a typical Italian-style reform, the current government austerity plan in the most difficult task to pass the buck to the next administration will improve the value-added tax policy implementation time from this year October was postponed until October next year, in July next year, the current government is probably no longer in power. "
Italian economy is in deep recession, the Italian government expects the country's economy will shrink 1.2 percent this year, the Italian Federation of Industry is expected to Italy's economic decline this year will reach 2.4 percent.
Other News:
Italy launched a ? 26 billion austerity Deal
EU finance ministers intends to allow Spain to extend the completion of the def
TIMKEN bearings running sound caused by a Failure Analysis
Note check on the operation of the INA roller bearing
The local government of Spain yesterday issued with a default warning
U.S. officials said it would deploy the Osprey machine to assist Japan's ＂defens
People's Liberation Army East China Sea exercise cited concern about foreign med
Still optimistic about the economic situation of the number of British unemploye
