Second anniversary of Maloney Govt Consistent with one of the most important executive-authored economic laws, Fiscal Action for 2025. However, the past 24 months have been characterized by various measures to push the country towards growth, which may fall short of expectations at least in 2024. .
Since the Maloney government took office at the end of 2022, Italian economy After very strong growth in the immediate post-Covid-19 pandemic period, a phase of restructuring began. Part of the push also came from the Pnrr, which the executive tried to intervene.
Maloney Government’s Economic Initiatives in 2023
Maloney’s two-year government: “As long as we have the support of the citizens, cWe will continue to work with determination to achieve our goal with our heads held high. Program and help develop Italy.Be strong, reliable and respectful. We owe it to the Italians, to those who elected us and to those who, even if they did not vote for us, hope that we will do our job well. On the job, without stopping, without any fear,” the Prime Minister commented in this regard.
During this period the executive approved a series of economic reforms. Three main objectives:
- Manage post-pandemic economic growth, continuing the trend established after the end of the lockdown.
- Explain and respect new European spending and budget constraints.
- Manage the Pnrr application so that EU funds are not lost.
The first economic measures, which were included in the 2023 budget law, were however largely constrained by the late formation of the government and therefore mostly in the update note of the DEF prepared by Mario Draghi’s executive. were described by, which predated Georgia. Maloney. The only specific rule was to terminate. Citizenship Income.
The first real steps started coming in February. A central theme from the first was the reduction of state expenditure, especially due to their Super Bonus 110%. At the urging of Economy Minister Giancarlo Giorgetti, the government approved a decree setting a limit on the use of the tool. The application cases and above all the possibility of buying and selling tax credits were limited, also intended to limit fraud.
In February too, the Maloney government achieved governance reforms. PNRR and partial correction of its expenditure. The management of European funds was made more centralized to better control their application and avoid delays that could cause problems with the EU.
2023 is also the year of Parliament approval. Financial delegation. Being an executory law, the measure did not introduce new laws, but gave the government the possibility to reform the tax system within two years without any parliamentary measures.
2024 of the Maloney government
In 2024, the approved rules came into force. Budget Law which was voted by Parliament on 30 December 2023, one of the last available days.
- Tax wedge deduction for average income
- Reforms in Irpef rates
- Welfare and birth rate initiatives including a dedicated card for you
- Incentives on employment with more than 100% deductions
- Financing for the construction of a bridge over the Strait of Messina
After that, further cuts were made. super bonus, The government also concluded the sale of the airline Eta Until Lufthansa, that was definitely the end of Alitalia’s history.
There have also been many interventions in migration policy, particularly in terms of trying to speed up rejections. Creation of Repatriation centers in AlbaniaAt the center of a clash with the judiciary and a new immigration decree that defined which countries are safe.
The year will end with the approval of the fiscal framework for 2025, which has already begun to take shape after approval. Council of Ministers But it will have to go through parliamentary approval before becoming official.