their budgets Italy already On the way to Brussels. government Giorgia Melony confirmed that it has forwarded the first version of the Balance Programming Document (DPB) to the European Commission. Budget proposals for the three-year period 2013-2025including more than 21,000 million euros planned to mitigate the consequences next year The energy crisis for homes and businesses. Some measures that contribute to the increase of the deficit to 4.5% of GDP from next year.
Information transmitted by the Italian Ministry of Economy became known after Meloni earlier this week. announced his expected plan Budget that Rome offers a few days late, because new government It was delivered at the end of October. Despite this, the European Commission has already warned Rome. to be watched “in-depth” in the coming months Macroeconomic imbalances in 17 European countries, including Italy.
In fact, under the transalpine country special scrutiny by the authorities precisely because of the change of government following the resignation of the previous prime minister, who was a prestigious banker. Mario Draghiwho agreed on a number of reforms In exchange for receiving loans and funds from the European post-pandemic recovery plan, of which Rome is one of the main beneficiaries. Also, very available precedent of rejection The Italian General Budget project formed later in the fall of 2018, when Brussels asked the government league Matteo Salvini, who is also part of the current Director.
very high debt
In the case of Italy, especially to concern this high public debt which country More than 150% of GDP transalpine Available “high risks to financial sustainabilityIn the medium term, the Commission highlighted Tuesday in its report on the macroeconomic imbalances of community bloc countries.
“The countries with the highest debt ratios are particularly Vulnerable to changes in financing conditions“, added the Community Executive economic services. “In a scenario where the gap between growth and interest increases by 1 percentage point, debt will increase by more than 10 points Percent of GDP by 2023 in Italy, Greece, Spain and Portugal.
In response, Rome assured that the measures that make up the 2023 budget bill “will not adversely affect”. the country’s net debt. The Italian Government has committed to “establish a sustainable balance between sound public finance management and the revival of economic growth” in order not to cause negative repercussions on the economy. government bond yieldAs reported by Economy Minister Giancarlo Giorgetti at the presentation of the new Balance Sheet Programming Paper.
Source: Informacion
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