Italy Says EU Has to Weigh Inflation when Assessing Budget Deviations
6 Articles
6 Articles
Italy says EU has to weigh inflation when assessing budget deviations
ROME, Oct 7 (Reuters) – European Union authorities should take rising inflation into account when assessing government deviation from budget goals, Economy Minister Giancarlo Giorgetti said, arguing that higher prices can significantly affect governments’ fiscal plans. • Giorgetti said he would raise the issue of greater budget flexibility at this week’s meeting of euro zone finance ministers. • “We are not questioning the budget rules, bu…
Inflation issue to be discussed at Eurogroup and ECOFIN meetings - MEF sources
Italian Economy and Finance Ministry (MEF) sources said Tuesday that the grave impact of rising inflation on public accounts will be discussed at upcoming meetings of the Eurogroup and the ECOFIN, after Italian requests. (ANSA)
Italy is asking the European Union to take into account the sudden rise in inflation when evaluating compliance with budget rules, because higher prices can significantly change the calculation on the basis of which states previously planned their budgets. The Italian Minister of Economy and Finance Giancarlo Giorgetti announced that he will raise the issue...
Italy will demand more flexibility in the application of budgetary rules, under conditions where rising inflation and energy costs affect the government's tax plans in Rome.
European Union authorities should take into account rising inflation when assessing governments' deviation from fiscal targets, Economy Minister Giancarlo… Italy: EU must take inflation into account when assessing budget deviations - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
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