{"id":5874,"date":"2018-12-30T16:25:35","date_gmt":"2018-12-30T16:25:35","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/italy-budget-parliament-passes-budget-after-eu-standoff\/"},"modified":"2018-12-30T16:25:35","modified_gmt":"2018-12-30T16:25:35","slug":"italy-budget-parliament-passes-budget-after-eu-standoff","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/italy-budget-parliament-passes-budget-after-eu-standoff\/","title":{"rendered":"Italy budget: Parliament passes budget after EU standoff"},"content":{"rendered":"\n
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\n AFP<\/span><\/p>\n

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\n PM Giuseppe Conte said the budget was “the first stage of a broad and ambitious plan of reform”
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Italy’s parliament has approved a revised budget for 2019, amid opposition complaints that it was dictated by the EU.<\/p>\n

The country’s populist government had originally vowed to push through costly campaign promises including a universal basic income.<\/p>\n

But in October, the European Commission raised concerns about the impact of such spending on Italy’s debt levels.<\/p>\n

Rome was told to revise its budget, or face fines and disciplinary action<\/a>.<\/p>\n

Under a deal struck with the Commission last week, Italy lowered its planned budget deficit<\/a> from 2.4% of GDP to 2.04% – less of a reduction than European officials had hoped for.<\/p>\n

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\n Reuters<\/span><\/p>\n

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\n Democratic Party deputies accused the government of increasing taxes and cutting pensions
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The value of its concessions is understood to be a little more than \u20ac10bn (\u00a39bn).<\/p>\n

The Senate approved the budget last week, and the lower house of parliament passed the revised proposals in a confidence vote on Saturday, with 327 votes in favour, 228 against, and one abstention.<\/p>\n