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Back|Council of Ministers: the budget planning document and the budget variance are underway
Council of Ministers: the budget planning document and the budget variance are underway
Urgent
ANSA Economia·56 minutes ago·Politics·2 min read·🇮🇹Italy·

Council of Ministers: the budget planning document and the budget variance are underway

The government discusses the maneuver, the flexibility for defense and energy and the environment decree

Quick Look

  • The Council of Ministers examines the Draft Budgetary Plan and the report on the budget gap.
  • The government is aiming for 28 billion in flexibility for defense and energy, with negotiations underway with the European Commission.

AI-generated summary

Why It Matters

The Italian government is defining the economic maneuver and is negotiating margins of flexibility with the EU for defense and energy spending.

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The Draft Budgetary Document (DPFP) and the "report to Parliament pursuant to Article 6, paragraph 3, of Law no. 243 of 24 December 2012", i.e. the report on the budget variance, will arrive on the table of the Council of Ministers, convened at 6pm. This is what we read on the agenda of the Council of Ministers, which will also examine, among other things, an environmental decree law, with "urgent provisions for the strengthening of environmental investigations, the management of climate problems, the circular economy and reclamation" and a constitutional bill for the adaptation of the special statute of the Friuli-Venezia Giulia Region.

"I would say that already today at the Council of Ministers we will decide on the budget deviation and as is known, having obtained the possibility of greater flexibility in spending on defense and energy, we will be able to say today that there will be the deviation. I believe that we will be around 7 billion for this year", said the deputy prime minister and foreign minister Antonio Tajani in the morning at the 'Cities of the future 2030-2050' event, speaking of the measure. "We should present a series of proposals to Brussels and, once approved, we can be operational," he added.

"I hope that in Frankfurt they put their hand on their conscience and realize that the inflation that exists today is an exogenous inflation, not an endogenous one. Increasing the cost of money would only make the situation worse, precisely because it is not an inflation caused by us. So I hope that there is no increase in rates", Tajani then said at the 'Cities of the Future 2030-2050' event. "Although, I repeat, in Italy things are better than elsewhere and even the rating agencies are correcting. Fitch has positively corrected the prospects for our country".

"Yesterday we received Prime Minister Meloni's letter regarding further fiscal flexibility and we will examine it in detail, as usual. We will subsequently formulate our assessments and position," EU Commission spokesperson Balazs Ujvari said in the press briefing. “These letters are common on the eve of a European Council, when we hear from leaders about their concerns and of course we look into them,” added spokeswoman Paula Pinho. "This too feeds into the discussions to prepare the next European Council in October", he concluded.

From the draft document after the majority summit, 8 billion less for Defense

28 billion extra expenses for energy and weapons. This is - as reported among others by Corriere della Sera, Repubblica, Stampa and Messaggero - the agreement at the end of the majority summit last night which would provide 8 billion less than what had been foreseen for defence. 'Caution is needed regarding the deviation - the reasoning according to what Il Messaggero writes -. We must opt ​​for a partial activation of the safeguard clause.' 'I have already spoken to Crosetto, he is informed and understands,' the Prime Minister said during the summit, according to what the Rome newspaper still writes. 'The draft that comes out of the summit is this - writes the Corriere della Sera - all the same for next year (0.3% for defense and 0.3% for energy) and a deviation of 0.3% for defense and 0.3% for energy in 2028. In absolute terms, therefore, Italy will ask for flexibility for 28 billion, instead of 36. For defence, 8 billion less. Where will the money actually go? Last night the shopping list was still open. We are currently negotiating with the EU, the government insists on a 65% ecobonus and solar panels for schools and hospitals.

What to Watch

AI outlook — possibilities, not facts

  • Formal presentation of the flexibility proposals to the European Commission.

    Very likely · Within weeks

Open Questions

  • ?What will be the European Commission's definitive response?
  • ?How will defense funds be reallocated?

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This article was originally published by ANSA Economia.

Quick Look

  • The Council of Ministers examines the Draft Budgetary Plan and the report on the budget gap.
  • The government is aiming for 28 billion in flexibility for defense and energy, with negotiations underway with the European Commission.

AI-generated summary

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ANSA Economia
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Published
56 minutes ago
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government
budget
European Union
government
Antonio Tajani
Giorgia Meloni
Balazs Ujvari
Paula Pinho
Council of Ministers
EU Commission
Fitch
ANSA
Friuli-Venezia Giulia
Brussels
Frankfurt
budget
European Union
defense
energy
antonio tajani
giorgia meloni

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