EU, Italy’s procedure for excessive deficit discounted. The announcement from the government – ​​

An obvious step. Experienced with those who have the serenity of having undertaken, and not just now, the right path lost the recovery of public finances. At the same time, a warning to those who would like to venture into out-of-control spending. “Since the suspension of the Stability and Growth Pact introduced following the Covid pandemic ended at the end of 2023 and was extended due to the energy crisis, based on the net debt recorded by Italy last year (7.2 percent of GDP according to the first Istat estimates) it is obvious that the European Commission will recommend to the Council to open a procedure for excessive deficit once morest ours and several other countries”. Thus, in a hearing before the joint budget commissions on the reform of EU governance, the Minister of Economy Giancarlo Giorgetti announced a “short and dry” Def.

According to the AdnKronos news agency, the Council of Ministers might in fact be convened for Tuesday 9 April to approve the Economic and Financial Document. An indiscretion that comes directly from the centre-right majority. The Minister of Economy himself in a passage during the hearing spoke of estimates on the “9th” or in any case “within the first ten days of April”. The Northern League exponent then delved into the Def. “The Economic and Financial Document that will be presented shortly will, therefore, be the last one submitted to your examination, since the first and third sections – Stability Program and National Reform Program respectively – will be respectively absorbed by the Plan medium-term fiscal-structural plan and the monitoring report – explained Giorgetti -. I believe we will approve it within the first 10 days of April it will be very dry. The governance rules currently being approved introduce a new programming tool, the fiscal-structural plan medium-term structural” for ex-ante programming in the framework of the preventive arm of the Pact and the medium-term horizon to be presented to the European authorities by 30 April, but for the current year a transitional regime will be applied, which provides submission by September 20th.

Furthermore, the minister further notes, “European legislation requires the presentation of an annual monitoring report”, subject to the same deadline as the ex-post control plan.