(Finance) – The Minister of Economy and Finance, Giancarlo Giorgettideclared that “individuals and businesses have nothing to fear. It will be a balanced maneuver”. Sacrifices will instead be requested from ministries and public bodies. Speaking at an FdI initiative “Making Italy grow together”, the Minister announced a spending review consistent, speaking of “significant cuts to ministries and public bodies” adding ironically “if no one is offended”.
The Budget planning document (Dpb) must be sent to Brussels by midnight on 15 October, although this deadline is not mandatory. The Council of Ministers for the examination of the Document, reported Giorgetti, will meet on the same day, not before 8pm.
The resources must be found to finance expansionary measures of the budget for approximately 25 billion. The cuts for 2025 would amount to a total of 4 billion (3 to budget appropriations and 1 billion to residual liabilities). The cuts are expected to be even more incisive in subsequent years. For local authorities, there would be reductions in resources of around 600 million in 2025 and a higher figure, around 1.5 billion in 2026. For the Regions, the “sacrifices” will be compensated by increases in funds for healthcare.
The item defined as “other measures” should ensure around 7 billion but the resources are yet to be detailed. This chapter may contain resources from starting the reordering of tax expenditure and by the “contribution”, as Giorgetti defined it, of the companies that have made large profits from the favorable market situation (banks, insurance, defence, energy), as well as those relating to a tightening of the fee on the giants of the web.
Even the announced alignment of excise duties with the increase for that of diesel and the decrease for that of gas it could bring more revenue, even if the Minister today made a point of specifying that it will be a “gradual, not even perceptible” operation.