Rome

Govt's 'to do' growth bill wins final approval

Package passes vote in Lower House

Govt's 'to do' growth bill wins final approval

Rome, August 9 - The government's 'to do' package of measure deemed urgent to help boost the recession-hit Italian economy won final approval in the Lower House Friday. The huge package cuts red tape and frees up around three billion euros for public works projects this year and should create 30,000 temporary construction jobs. It allocates money to finance improvements to the national rail network, school buildings and roads. The measure cuts energy bills by a total of 550 million euros too, in part by slashing a tax to finance renewable energy initiatives. The 'to do' decree was amended this week to introduce a 25% pay cut for senior managers of listed companies under public control. Approval of the measure, with 319 votes in favour, 110 against and two abstentions, was the House's last act before parliament's summer recess. House Speaker Laura Boldrini stressed, however, that parliament would not be closing down completely, as commissions and the floor of the House could be convened at any time.

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