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Before the final vote in Italy: the government of the trust for budgetary wins

week long dispute with the EU, and always Changes to the Budget now to the Parliament, the Italian government has expressed confidence in the budget, in 2019. The final vote will take place today.

The contested fields of the Italian budget law has survived the biggest cliff: 327 to 228 votes in the Italian chamber of deputies on the draft budget of the government. The second chamber of the Parliament, the Senate, had approved the controversial Plan last weekend.

The vote, which was linked to a question of Trust, was accompanied by violent protests of the Opposition, which criticised, among other things, that the government had submitted the details of your bill only at the last second. As a result, no real parliamentary discussion had been possible.

week long dispute with the EU

The delays were the negotiations with the EU Commission owed, said the government had delivered with Brussels over weeks of dispute, the high debt of Italy. Until recently, the government had insisted on parties, expensive election promises with the help of additional debt to redeem.

The coalition government in Rome had revised its original draft budget to prevent a deficit-criminal proceedings and billions of dollars in fines. The EU Commission had rejected the original budget plans in Italy in October. The reasons for the initial rejection of the draft Budget of a member state that he was in breach of European Union budget rules.

Several members of the Democratic party protested against the budget.

billion met

threatened announced in the face of an imminent excessive deficit procedure, the billion-dollar fines for Rome, or the deletion of EU assistance could have lead, had to compromise the Italian government in its budget plans for the coming year.

The Budget of 2019, provides for a borrowing of 2.04 of the gross domestic product - instead of the originally planned 2.4 percent. Economic growth to 2019 is forecast therefore with a 1.0 percent instead of 1.5 percent.

The extremely high national debt

Italy has one of the highest national debts in the world. In Rome there is a mountain of debt of about 2.3 trillion euros piles up. That's the equivalent of more than 130 percent of economic output. In the Euro-zone to a maximum of 60 per cent are allowed. A state is, he needs to get in the longer term, its debt in the handle.

In the financial markets of Italy had triggered the budget plans in recent months considerable anxiety. In the case of a collapse of the Italian public finances of the Euro-zone and Germany would have threatened serious consequences.

With information from Tassilo Forchheimer.

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