Bloomberg News

Italy Approves 2012 Budget, Last Year’s Accounts La Russa Says

October 14, 2011

Oct. 14 (Bloomberg) -- Prime Minister Silvio Berlusconi’s Cabinet approved a draft of the 2012 budget, Defense Secretary Ignazio La Russa said.

The Cabinet also approved the balance sheet for the execution of last year’s budget, La Russa said at a press conference in Rome today after the meeting.

Berlusconi failed to muster a majority in parliament this week on the 2010 accounts, leading him to call a confidence vote today to prove he still had enough support to govern. Parliament will now have to hold another vote on last year’s budget results.

To contact the reporter on this story: Lorenzo Totaro in Rome at ltotaro@bloomberg.net

To contact the editor responsible for this story: Andrew Davis at abdavis@bloomberg.net


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