Silvio Berlusconi’s government survived key votes, 314 votes in favor and 300 against, to pass an austerity budget it hopes will calm markets and persuade the rating agency not to downgrade Italy’s credit rating. Italy. 14th September 2011
Ok by the Italian parliament for the economic measure - The Chamber of Deputies approved the budget law with 314 votes in favor and 300 against. The law to address the severe strains on financial markets, was significantly changed to a total of 53.3 billion in 2013, the year is expected to break even.
Among the main measures of the measure, cuts on the expenditure of ministries and local authorities, raising the retirement age of women, the increase from 20% to 21% VAT, the tax cut, the intensification of the struggle to 'jail for tax evasion, including the big tax evaders, the solidarity surcharge of 3% for the super rich and firing easier.