(Finance) – LThe next budget law “will be constructed with seriousness and with the necessary prudence”. The Minister of Economy, Giancarlo Giorgetti, said this, speaking on Skytg24. “The opposition does its job” and he criticizes the maneuver, but “it is essential that the majority supports” the approach of the maneuver. “I’m very confident about this,” she added.
“This golden rule of inflation al 2%, which is the ECB’s target, I don’t know how realistic it is today“, also said the Minister who reiterated that inflation will fall by the end of the year and this forecast is incorporated into the NaDEF. “I fear two factors – he added -: a contingent one, the increase in the price of oil; the second has a global dimension, i.e. the ongoing deglobalization process. Globalization had many flaws but it also introduced products to the Western market low cost from China and other countries. Today, when trade flows are no longer what they were before, there is a tendency for prices to rise.”
This government has taken courageous positions on citizenship income and the superbonus, positions that no one expected us to be capable of taking. But it was right to take them,” she continued.
A maneuver, therefore, under the sign of responsibility as, moreover, Giorgetti has reiterated on several occasions, even putting it in black and white. “The economic and public finance situation is more delicate than envisaged in the spring”. Thus Giorgetti in the introduction to Nadef. “In a situation in which public finance is burdened by the burden of building incentives, by the rise in rates and by slowdown in the international economic cycle, it is necessary to make difficult choices”. The government has chosen to address “the most pressing problems – inflation, energy and food poverty, demographic decline – while promoting investment, innovation, sustainable growth and the economy’s responsiveness.
To ensure debt sustainability e “consistent with a more dynamic management of public shareholdings, the new programmatic scenario envisages proceeds from divestments equal to at least 1 percent of GDP” in 2024-2026, it says. It will involve “disposal of public company shareholdings, with respect to which there are commitments towards the European Commission linked to the regulation of state aid, or whose share of ownership by the public sector exceeds that necessary to maintain appropriate coherence and unity of strategic directionor”.