Minister Tria, in an interview with Sole 24 ore, explains the much discussed financial maneuver: “It is not a strong decline but greater than that achieved in recent years. And it will also be guaranteed by a safeguard clause on spending which replaces the clauses on tax revenues used up to now in every maneuver to write deficit and debt objectives which are then always revised ”. The minister also reassured Europe by stressing that the maneuver does not represent a challenge to the EU, even if "I am aware of European concerns and the fact that the expected deficit levels do not respond to EU agreements", admits Tria, according to which " a discussion can be opened and the opinion on 2,4% can change ”. On the deficit, “there was mediation with the spending ministers, and not just. We were starting from a trend of 2% ”, explains the minister, who assures:“ Resignation never threatened ”. Without an agreement in the government, he adds, "we would have had the risk of political instability and still low growth". The minister then turns to the markets "my hope is that by explaining the maneuver we are preparing, and the tools it puts in place for the central objective of growth, the alarm will return".
Referring then to the call of the Quirinale, Tria assures that “The balance and balanced budget remains our fundamental objective, even if the path to achieve it is extended over time to give space to the fundamental need to relaunch growth. If conditions permit, an attempt will be made to restart the process before the end of the three-year period ”.
To set growth in motion, alongside the "relaunch of private investments also favored by fiscal measures", it is necessary to envisage "an increase in public investments. For this reason, explains Tria, we have budgeted about two additional decimal places of GDP for 2019, to then reach four additional decimals (6 billion) in 5 compared to the trend. Basically - explains Tria - in the three-year period the additional public investments will be around 2021 billion and half the loss accumulated in the last ten years in terms of GDP will be recovered. In 15, the deficit share above 2021% is all about additional public investment ”.
The Minister of Economy and Finance on the much discussed overcoming of the Fornero law, while considering that this will entail a "cost", explained that the rejuvenation of workers "is necessary to increase productivity, even in the PA, and will largely favor young people, ”says Tria. Citizenship income "must be an intervention of social stabilization and active labor policy at the same time". On the risk that it is an incentive for undeclared work, “on my mandate the Guardia di Finanza is developing a specific control plan, precisely to avoid it”.