(Finance) – “The conflict in Ukraine he had a significant impact on Italian taxpayersboth through direct support to Ukraine and for internal expenses related not only to energy, but also to defense and the reception of refugees. While Italy has benefited from European and global aidthe country’s economic commitment was nevertheless significant, with a cost that varies from day to day based on the evolution of the war and the policies adopted such as Kiev’s decision to block Russian gas to Europe”. This is what we read in an end-of-year report from Federcontribuenti Scientific Technical Committee.
In summary, writes Federcontribuenti, although there is no complete and easily available official figure, “the estimates indicate that Italy, and therefore public money, has spent between 4 and 6 billion euros in military, humanitarian, energy and other indirect costs for the war between Kiev and Moscow between 2022 and 2023″. This figure could increase in the future, depending on political decisions and needs related to the evolution of the conflict.
In 2022, spending to support families and businesses due to the increase in energy prices, we read in the Federcontribuenti CTS report, has exceeded 30 billion euros. Also in 2023, the Italian government continued to allocate resources to ease the impact of energy costs, although the size of these subsidies has decreased due to the decline in global energy prices.
“The war in Ukraine has also contributed to inflationwhich affected the purchasing power of Italian families and had – underlines the Italian taxpayers’ association – a negative impact on economic growth. Italy had to face a reconomic easingwith a lower growth forecast than would have occurred without the conflict. The performance of the Italian economy was also influenced by the supply chain, with difficulties in the supply of raw materials and – concludes Federcontribuenti – greater economic uncertainty”.