Bank of Italy, interventions on bonuses must always be covered

(ANSA) - ROME, FEBRUARY 21 - "Any revision of existing subsidies has effects on the budget and if not covered by new revenues or lower expenses, it must be evaluated in terms of public finances because the debt is high": said Giacomo Ricotti, head of the service assistance and tax consultancy by Bank of Italy, in a hearing in the Senate.

The dynamics of the debt "will be affected by social spending, by rising interest rates, by the pace of economic growth. In the medium term, the margins for budgetary policy are limited and must be used in the best possible way to encourage growth by continuing to consolidate", he added.

(HANDLE).