ROMA (ITALPRESS) – “The draft budget law intervenes in a context in which strong elements of uncertainty remain of the international macroeconomic framework, marked by the new regime of American duties and the continuation and accentuation of geopolitical conflicts, which conditioned the choices of enterprises and curbed the propensity to family spending”. This is said by the president of coordination of the Sections gathered in the control of the Court of Auditors, Mauro Orefice, during an audition at the joint committees Budget of Senate and Chamber. “The complex of proposed interventions therefore aims to combine different needs in whose central area the government’s commitment to ensure the sustainability of public finance, which are accompanied by measures to support the purchasing power of families and businesses and for the social sector,” adds Orefice.
“Under the first profile, the maneuver is designed to ensure the commitment to maintain net expenditure within the growth limits set out in the Structural Funds: compliance with net expenditure growth targets should maintain indebtedness under the 3% threshold of GDP in 2026 and confirm the expected evolution of the debt-Pil ratio along a descending path from 2027. As regards the impacts on growth – he notes -, the maneuver appears to respect the limits of the trajectory of net expenditure, allowing to support domestic demand and the income of the middle class through measures to reduce the tax levy, support to enterprises and safeguard over time of health expenditure but that only partially intervenes on the strengthening of public and private investments. An articulate that does not include increases on the front of defence spending that will be inserted later, once decided if Italy will require the activation of the safeguard clause to finance in deficit this item of expenditure and if it will use the Safe mechanism proposed by the European Commission for the provision of the corresponding loans facilitated”, he concludes.
-Photo IPA Agency-
(ITALPRESS).
