Def, 2024 GDP at 1%, debt rises to 137.8%. Text sent to the Chambers

Def, 2024 GDP at 1%, debt rises to 137.8%.  Text sent to the Chambers

Giorgetti: aim to replicate the wedge cut also in 2025

«The decontribution which expires in 2024, we absolutely intend to replicate it in 2025, this is the real objective we set ourselves when we define the structural program», explained Giorgetti. The head of the Mef recalled that the rising public debt forecast by the Def «is heavily influenced by the cash flow effects of the super bonus in the coming years» but, he added, following 2026 «it would begin to decline» Giorgetti.

«If necessary we will intervene once more on the Superbonus»

«I want to report exactly the programmatic objectives of Nadef, the projection for 2025 and 2026: if necessary we will intervene further on the decree law today being examined by Parliament». This is how Giorgetti responded to those who asked him if there will be a new intervention on the superbonus to maintain the deficit path and refinance the decontribution. «When the budget law is passed, ways will be found to confirm» the decontribution, he added, «because it is the number one priority». “What doesn’t stop now is the verification and control of the validity of these debts deriving from the superbonus, which has already led, to date, to around 16 billion in credits canceled and seized for various reasons”, added the minister. «This verification operation regarding the validity of all these credits claimed, or declared as such, by the State will continue and I believe it is one of the most important parts of the tax assessment and audit operation that we must carry out this year».

«We will present the new Def even before September 20th»

As for the next steps, «The deadline for the presentation of the new Def, the fiscal structural program, is set for September 20th – announced Giorgetti -, but it is our intention to present it even earlier, when all the elements will be available, starting from the technical trajectory” scheduled for “mid-June by the EU”. «This Def – continued the minister – takes into account the decisions and the revolution in fiscal budget rules at European level. The implementing provisions and instructions for building the route are missing.”

On the Pnrr: «After the green light broke out in the EU, I insist on an extension»

A passage of the minister’s speech at the press conference was on the Pnrr. On the extension of the times of the National Recovery and Resilience Plan that allows for a horizon beyond 2026 «I have already asked Europe for an extension – said Giorgetti -: they advised me once morest it, so I insist. I don’t know if you realized that following the approval of the Pnrr a war broke out in Europe. In Brussels I wouldn’t want it to be done like in Rome, where the extension is decided the day before”, instead it would be preferable to decide well in advance also “to ease tension and pressure on prices”. «I am the Minister of Economy – he continued -, Gentiloni is the commissioner, Lagarde is the governor of the central bank: can I express my hope, is it blasphemy? Among fellow ministers we all say this to each other, the commission remains firm, who knows, maybe the next one will evaluate differently”.

The other measures on the Government table

The Government meeting at Palazzo Chigi began in the late morning. In addition to the Def, the agenda of the CDM was also the bill for the ratification of the Agreement between Italy and Albania on social security made in Rome on 6 February last and the preliminary examination of a legislative decree with provisions for the rationalization of the registration tax, that on inheritances and donations , on stamp duty and other indirect taxes other than VAT. The definitive examination of a decree of the President of the Republic with amendments to the regulation for the execution of the Navigation Code is then envisaged, and the preliminary examination of another decree of the President of the Republic on the regulation of organization of the direct collaboration offices of the Minister of Agriculture and the Independent Performance Evaluation Body.

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2024-04-10 00:58:35

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