Maneuver, Giorgetti in Brussels: “We will eliminate aid and tax cuts when energy prices return to pre-crisis levels”

The interventions of the maneuver “are characterized by a targeted approach And temporary” and the government “takes the commitment to to reduce and then remove aid and tax cuts as soon as the prices of natural gas, energy and fuel return towards levels in line with the pre-crisis period“. The Minister of Economy writes it Giancarlo Giorgetti in the introduction to Budget planning document (Dpb), in which the countries of the Euro area illustrate to the Community institutions, in a concise and standardized form, their draft budget for the following year. “At the end of March, in view of the 2023 Stability Programme, the government will reevaluate the situation and, if necessary, will implement new measures to combat high energy costs by using as a priority any additional income And expense savings that manifest themselves in the first months of the year”, reads the document just sent to Brussels and now being examined by the Commission, which will have to evaluate it.

Giorgetti recalls that “the measures for expensive energy are concentrated above all in the first quarter of 2023, in which resources amounting to 21.6 billion will be deployed, including the sums transferred to Healthcare and local authorities to deal with the increase in energy costs and non-temporary measures, which amount to around 2 billion”. And he claims: “The budget law for 2023 also contains numerous economic policy measures consistent with the government’s medium-term strategy; measures that have autonomous coverage will not negatively impact net borrowing. This testifies to the government’s commitment to strike a balance between sound management of public finances and revival of the sustainable economic growthin the belief that this can also produce positive effects on the yield differential on government bonds (the spread, ed)”.

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