These are the strong but clear words that the Minister of Economy and Finance has said. Giancarlo Giorgettiwas discussed in the House and Senate Budget Committees during the hearing. Structural budget plan. Through Venti Septembre, the department head admitted that Overview of Istat But Development Italian until the end of 2024 Make it harder to carry Pyle National al +1%. The atmosphere of uncertainty given by the various war scenarios of the world also affects the doubts of the minister.
It will be difficult to bring GDP to +1 percent in 2024.
Recent revision of annual quarterly estimates byState – said the minister Giancarlo Giorgetti – greatly increasing the level of Pyle This resulted in a mechanical downward correction of growth, both in nominal and real terms 2024 This makes it more difficult to obtain annual changes in a country’s real GDP.1% for the current year.”
However, the economy minister himself emphasized that “the new quarterly figures, although potentially impacting the final reading for 2024, do not raise concerns for the following years”. Therefore, their negative impact should not last long under the current conditions.
Uncertainty given by war
In the words of the minister Georgetti There is also concern given by Conflicts Warrior Incandescent events that are not far away from Italy and its economy.
“The presentation of this new document (Structural Budget Plan, ed.) takes place at a time in which there are contradictory trends: if on the one hand the trend of economic variables appears as a whole according to expectations, on the other hand in conflict Growth occurs, especially Middle East The uncertainty characterizing the global economic landscape continues to increase.”
The importance of stability is not to leave anyone behind
In concern, however, the head of the Ministry of Economy and Finance added the awareness that the PSB is “a document at the same time. Ambitious but realistic” “The stability of public finances is a very important factor – he added – the plan outlines a public financial framework that leads to a steady reduction in the stock of public debt and related burdens, which is an inevitable need”.
“According to ambition and Realism – The Minister continued – Another key feature of the plan is this. Smartness With which growth forecasts were compiled. Even within a framework aimed at improving the sustainability of public finances, the plan Does not leave anyone behind. The definition of selective and careful interventions will ensure the strengthening of family policies, adequate promotion of birth rates and paternity, sustainability of spending on social services and quality of services offered by national health services.”
2025 budget, with wedge cut and 3 Irpef brackets
In the concluding part of his speech, the minister said Giancarlo Giorgetti talked about trickery 2025Ensuring that the Italian government will be able to find the necessary resources for all interventions deemed necessary. “These – said the minister – include measures to create structural effects. Wedge cutting and merging Irpef rates into three brackets. as well as interventions to encourage birth rates and support large families.”
“The budget – he concluded – will also allocate resources for the renewal of Public contracts and will increase funding for 2025-27. Health care as public”. Resources Essentially, these will come from “deficit areas and specific coverage.”
