June 18, 2019 / 11:50 AM / a month ago

Italy to save 3 billion euros on new welfare programmes - official

FILE PHOTO: European Union and Italian flags are seen in downtown Rome, Italy, October 19, 2018. REUTERS/Alessandro Bianchi

ROME (Reuters) - The Italian government will spend around 3 billion euros (£2.7 billion) less than expected this year on new pension and citizens’ income programmes, National Pension Agency chief Pasquale Tridico said on Tuesday.

The ruling League and 5-Star parties aim to use budget savings to persuade the European Commission not to take disciplinary action against Rome for excessive debt.

Tridico told a news conference that the government would save around 1 billion euros on the citizens’ income and around 2 billion on the new pension scheme.

Reporting by Giuseppe Fonte, writing by Francesca Piscioneri, editing by Mark Bendeich

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