ROME (ITALPRESS) – “The robust investor interest in our government bonds, the significant reduction in the spread and the positive ratings from rating agencies testify to the importance of the political stability and prudence in fiscal policy that the government has been able to ensure the first two years of its mandate.” Economy Minister Giancarlo Giorgetti said this during a hearing on the maneuver in the Budget Committees of the House and Senate. “The draft budget bill confirms this approach, continuing to support the economic system and reduce the impact on households of the uncertainty that characterizes the international context, with interventions consistent with the fiscal adjustment path that Italy has committed to in the Medium-Term Fiscal Structural Plan. “The short-term growth outlook is overall still encouraging: internal forecasting models suggest that in the final quarter of the year GDP should return to expansion. Promoting demand, in a context of great uncertainty, is one of the crucial keys to achieving the growth forecast for 2025,” Giorgetti stressed. “The picture is certainly still very uncertain, the forecasts for 2025 are consistent with a recovery in domestic demand, of which an essential element represented by the acceleration of investments related to the NRP and with the improvement of the underlying context of the European economy. “The resources from the arrangement with creditors introduced in the tax decree law have not been considered for prudential reasons in the scope of the coverage. Only once they have been quantified can they be allocated, as provided for by current legislation, to financing interventions to reduce the tax burden,” the minister explained. “The maneuver finds additional resources intended to finance the planned interventions,” which are “obtained mainly through measures to reduce and rationalize ministries’ spending, from which savings are expected in terms of the net balance to be financed amounting to about 5.2 billion in 2025, 4 billion in 2026, 3.5 billion in 2027. In any case, without prejudice to the achievement of the planned spending savings and with unchanged effects on public finance balances, ministries have wide margins of flexibility to reshape the reductions within their budgets,” Giorgetti explained.
– Photo Agency Photogram –
(ITALPRESS).
