(Finance) – “We will do whatever is necessary to help families and businesses within the European framework. The government is available and it is total”. These are the words used by the Prime Minister Mario Draghi during conference Press at the end of the Council of Ministers which unanimously approved the Def, the Economic and Financial Document. “It is clear that the war caused a worsening of growth prospects. This is particularly affected by the increase in the prices of energy and other goods, but also by consumer confidence, which has decreased. Consumers and businesses today see a less positive future “, added Draghi.
“A fundamental thing is the message that the government, and in general the majority, must give in terms of trust emanating from the government, parliament and the majority. Circumstances have clouded the perspectives but also the ability to express the direction of politics and economics is a path that must lead us to affirm governance that is expressed with decision and unity of purpose, which is what citizens want to see: between the reaffirmation of the various parties and unity of purpose I am sure that citizens choose the second “, declared the Prime Minister about the cracks registered within the Strength policies who support the executive.
“We are very aware of the unease socialespecially for those who fear the impact of‘inflation and we are ready to intervene. We have already done this in the recent past, 15.5 billion has been allocated. In the coming weeks we will better understand the dimensions of the intervention needed and how to finance it “, then assured Draghi, underlining the importance of the” European framework “and that” everyone is working to respond to a common shock “.
In the document, the growth forecasts have been revised downwards: from 4.1%, due to the war which caused various factors to slow down theeconomic activitythe forecasts were updated to 2.9% this year, and to 2.3% in 2023. “The document was approved slightly earlier than the normal deadlines to be preparatory to other economic policy interventions,” he explained the Minister for the Economy Daniele Franco spoke at the press conference alongside President Draghi. “2021 ended well, with a growth of 6.6%, with a indebtedness net it’s a debt public lower than expected “, he stressed.” War has intervened on this scenario in the last 40 days “in Ukraine “which led to various factors of slowdown in economic activity” with “an increase in energy prices. The price of gas had peaked in December and then fell. Today it is 13% higher than in December and six times higher than in March a year ago, “said Franco.
“The performance of the accounts last year was better than expected, this year is also pretty good”, however, stressed the Minister of Economy. The government has set the deficit 5.1 and confirmed the public finance objectives of the Nadef of 5.6%, “A choice of prudence”, explained Franco, who in any case grants a “margin of action of half a point product”, which will be used in an “expansive maneuver to push growth”.