Luigi Federico Signorini: Preliminary hearing on the 2016 Update of the Economic and Financial Document

Testimony of Mr Luigi Federico Signorini, Deputy Governor of the Bank of Italy, at the Joint Session of the Fifth Committees of the Chamber of Deputies (Budget, Treasury and Planning) and of the Senate of the Republic (Budget), Chamber of Deputies, Rome, 3 October 2016.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Mr President, Honourable Members of Parliament,

I wish to thank the Fifth Committees of the Chamber of Deputies and of the Italian Senate for inviting the Bank of Italy to give testimony on the 2016 Update of the Economic and Financial Document. Given the brief time that has elapsed since its publication, I will focus mainly on the macroeconomic outlook and on developments in the public finances this year; I will then make some preliminary remarks on the finance plans and outlook for the next few years.