As the suspension of the Stability and Growth Pact introduced as a result of the pandemic and extended due to the energy crisis has been terminated at the end of 2023, based on the net borrowing recorded by Italy last year (7.2 percent of GDP according to the first ISTAT estimates) it is foreseeable that the European Commission will recommend to the Council to open an excessive deficit procedure against our as well as several other countries”. These were the words of Economy Minister Giancarlo Giorgetti, at a hearing yesterday morning before the Joint Budget Committees of the Chamber and Senate as part of the fact-finding investigation into the prospects for reforming economic and financial planning and budget procedures in relation to the reform of European economic governance. The hearing came just a few days before the DEF: as Giorgetti explains, the document will be presented soon, within the first ten days of April and will have a "different conformation", it will be "very dry”. As suggested by Parliament, the minister stresses that "the fact-finding investigation may also be an opportunity to assess the need for possible and further adjustments useful to overcome the criticalities of the domestic accounting structure, not directly related to the process of reform of European rules, which the experience of recent years has brought to light”.
|