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Government debt: Italy’s government wins confidence vote on budget

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The Italian chamber of deputies has approved the pressure from the EU-Commission’s revision of the budget of the government. In a vote of confidence 327 members of the coalition of the populist Five-star movement and the law of languages at the Saturday outdoor party Lega the trust, 228 voted against, one Deputy abstained. The official adoption of the budget is scheduled for Sunday.

The populist coalition in Rome was revised after several weeks of negotiations with the EU Commission its 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.

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 the Italian government concessions announced in its budget plans for the coming year. Last week, the government said, to reduce the costs for two key election promises – the pension reform and the basic security for the most disadvantaged citizens.

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