Arab Today, arab today italian lawmakers approve budget plans
Last Updated : GMT 00:00:20
Arab Today, arab today
Arab Today, arab today

Italian lawmakers approve budget plans

Arab Today, arab today

Arab Today, arab today Italian lawmakers approve budget plans

Milan - AFP

Italy\'s lower house of parliament approved on Thursday budget measures including a sales tax increase and cuts to the health sector that were aimed at pulling the country out of deep debt. The measures were approved by 372 votes in favour and 73 against, with 16 abstentions. They will now go before the Senate for approval. With them, the government wants to reduce its public deficit to 1.8 percent of gross domestic product (GDP) next year from 2.6 percent in 2012, in large part through cuts in government spending on the local level and to the health and education sectors. Prime Minister Mario Monti, who has called for greater fairness in shouldering the crisis, was forced to drop a planned tax cut for households with the lowest incomes after opposition from lawmakers. A one-percent rise in the highest Value Added Tax (VAT) rate to 22 percent was retained and is to take effect in July, while a planned rise from 10 to 11 percent for the lowest rate has been scratched. There was some good news for struggling families and businesses meanwhile. Parents with children under three or disabled children will enjoy tax cuts while those out of a job because of the recession but not yet eligible for a pension will receive benefits from a 554 million euro ($713 million) pot. The budget also establishes a fund for scientific research and sets aside 250 million euros for areas devastated recently by storms and flooding. The amount of money set aside for government tax incentives aimed at helping boost productivity in the recession-hit country has been increased for the period to 2015. On Wednesday, business leaders and trade unions signed a deal under which workers handed greater powers to employers in exchange for incentives -- though the biggest CGIL union refused because it said workers\' rights would suffer. The budget law has sparked anger among citizens feeling the squeeze of previous austerity measures imposed by the government to stave off the crisis. Hundreds of town mayors took to the streets of Milan on Wednesday to rally against the cuts and said they would resign en masse if the measures were not altered, while pupils have occupied schools across the country in protest. Italy slid into a recession at the end of 2011 and the government has said it does not expect a return to growth before next year at the earliest.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today italian lawmakers approve budget plans Arab Today, arab today italian lawmakers approve budget plans

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today italian lawmakers approve budget plans Arab Today, arab today italian lawmakers approve budget plans

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday