Italian FinMin Tria: First objective of budget is to prevent tax burden from rising

Italy's Finance Minister Giovanni Tria is on the wires now, via Reuters, speaking about the nation’s economic growth and the budget.

Key Points:

Economic growth requires stability.

Growth-friendly policies can be gradually implemented.

The first objective of the budget is to prevent tax burden from rising.

Also to avoid VAT and excise duties increases.

Discussed with the EU on how to reduce the tax burden.

Tax cuts will only be for businesses in 2019.

Income tax cuts to come in following years.

The government will announce fiscal targets tomorrow.

The budget will include citizens' income.