Public finance policy document, hearings

Starting from 2 pm, the Budget Commissions of the House and Senate will hold the following hearings in the Sala del Mappamondo of the Chamber for the preliminary fact-finding activity for the examination of the 2026 public finance planning document, pursuant to article 118-bis, paragraph 3, of the Chamber Regulations and article 125-bis, paragraph 3, of the Senate Regulations:

2.00 pm representatives of the Court of Auditors

2.45 pm representatives of ISTAT

3.30 pm CNEL representatives

4.15 pm representatives of the Bank of Italy

5.00 pm President of the Parliamentary Budget Office, Lilia Cavallari

6.00 pm Minister of Economy and Finance, Giancarlo Giorgetti.

Court of Auditors, interest spending is growing strongly, at 4.6% of GDP in 28-29

"Interest expense is expected to grow strongly, for a total of over 20 billion in the three-year period 2027-2029, due to the increase in the debt stock and the related burdensomeness". This was stated by the section president of the Court of Auditors Vincenzo Palomba, in a hearing on the DPFP before the Budget commissions of the Chamber and Senate. "This growth, moreover, presents a much more accentuated profile compared to the April estimates, which are revised upwards in the Dpfp for a total of 14.7 billion, reflecting the progressive deterioration of market conditions. The impact of interest charges on GDP should reach 4.6 percent in 2028-2029, a value 0.2 percentage points higher than the April estimates", he adds.