|
The 2027 budget is valued at €23.5 billion, or around 0.98% of GDP. Approximately €5 billion of this comes from measures aimed at the financial sector, matching the amount allocated to families and social spending, while the rest comes from ministerial spending reviews and gambling restrictions. Among the initiatives mentioned are an exemption from the car tax (the annual tax paid on automobile ownership) in 2027 for gasoline, diesel, LPG, and hybrid vehicles up to 80 kW, enhanced payments for solar and biomethane, and improvements in railroads, schools, hospitals, and universities. The remaining resources are allocated to defense (0.19% of GDP, or €4.6 billion), business support (0.14%, or €3.4 billion), infrastructure (0.13%, or €3.1 billion), and healthcare (0.10%, or €2.4 billion). Fiscal measures follow (0.09%). To partially fund energy security and defense, the government is utilizing the national safeguard clause, which the European Commission has recommended be authorized. This clause might be valued up to 0.6 percentage points of GDP each year in 2027 and 2028, with half allocated to defense and half to energy. On the financial front, the deficit will rise by half a percentage point above the current scenario in 2027 and 2028, hitting 3.4% and 3.2% of GDP, respectively, before dropping to 2.3% in 2029. The document provided to legislators states that without the clause, the ratio would remain below 3% throughout the period. Debt rises to 138.5% of GDP in 2027 before falling to 137.9% in 2028 and 136.6% in 2029. Growth is projected at 0.8% in 2027 and 0.9% in 2028.
|