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Back|Giorgetti opens up about the maneuver: 'The game isn't over but find the covers'
Giorgetti opens up about the maneuver: 'The game isn't over but find the covers'
Urgent
ANSA Economia·31 minutes ago·Politics·3 min read·🇮🇹Italy·

Giorgetti opens up about the maneuver: 'The game isn't over but find the covers'

The Minister of Economy is open to covert proposals but reiterates that the supporting walls of the budget law cannot be touched

Quick Look

  • The Minister of Economy Giancarlo Giorgetti sets the limits for the amendments to the budget: changes only if covered and without touching the load-bearing walls.
  • The hearings continue with criticism from Cnel and Upb on fragmented interventions and dispersed resources.
  • Focus on healthcare, pensions, schools and exit taxes.

AI-generated summary

Why It Matters

The budget law is currently being amended by parliament. Economy Minister Giorgetti sets two limits: the modifications must be covered and the load-bearing walls of the plant must not touch each other. The hearings continue with criticism from Cnel and Upb.

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The game isn't over yet. The maneuver can change, but any changes will have to "be covered". The principle remains the same as in previous years: the balances of the budget law must remain unchanged. And as the appointment with the parliamentary amendments approaches, the Minister of Economy Giancarlo Giorgetti tries to stop the assault on the diligence, reminding everyone of the rules of engagement.

"Two issues remain: any modification must be covered, ca va sans dire, but it is worth remembering this. Therefore 'les jeux are NOT facts', indeed we are open to proposals that are covered", explains the minister. Who to explain the second stake takes on the role of the 'magutt', the bricklayer in Lombard dialect, which he did when he was a boy: "You can't touch the load-bearing walls, but the partitions can, because they don't make the system come down". So, if some covert proposal arrives, the minister has no reason to "put up the barricades". But the parties, as we know, have their needs and sensitivities, and it will be a matter of "finding a balance between what would be desirable and what is concretely necessary", dictates the Giorgetti line.

A clear warning to parliamentarians, who are already working to define the amendments, which will be presented to the House commission by Tuesday 17th. The majority's line is to proceed with a package of "agreed amendments" with "targeted" corrective measures on healthcare, pensions, schools and universities. And therefore if for the almost 7 thousand cuts in school staff a reduction or even a postponement to 2029 is hypothesized, on pensions the aim is to loosen the squeeze on revaluations. Also under the spotlight of the parties are the exit tax (the idea is to raise the threshold), the senior citizens' card (it could be increased), the extension of the flat tax to 1% for young people and the bonus for mothers. Some responses to the Regions on car tax compensation are also possible.

Meanwhile, on the fourth and final day of hearings, new criticisms of the maneuver arise. The Cnel highlights that most of the interventions are of a "limited amount" and the resources are "dispersed in many streams" which reduce their impact.

The Parliamentary Budget Office highlights in red the "fragmented support interventions" and the fact that all "available budget spaces" are used, thus running out of room for "new initiatives or unforeseen needs".

Going into the details of the measures, the Public Accounts Authority calculates that the Irpef cut, in addition to accentuating the critical issues of the tax, will give relief above all to high incomes: the benefit goes to 89% of managers (444 euros on average), 12% of employees (52 euros) and only 1% of workers (4 euros). The PBO also does the math on healthcare: almost 40% of the resources go to the private sector, to the detriment of the public sector.

The defense of the plan of the maneuver falls as always to the head of the Economy, in a hearing also peppered with some ironic exchanges with the parliamentarians. On the day of the CEO's collapse of Intesa Sanpaolo who talks about a South American maneuver, the minister is called "Giancarlos" by the deputy of the Liberal Democratic Party Luigi Marattin. While at AVS Marco Grimaldi, who refers to the "synthesis" found in the majority, the minister does not refrain from commenting: "Maybe".

Giorgetti defends the line of "prudence" in the accounts, which "is not a constraint as an end in itself - he underlines - but a condition" to have room for difficulties. Of course "we couldn't cover everything we wanted to do", he admits: we therefore chose to proceed by "priority". The first "axis" is family and workers, but we have also tried to provide answers to young people, and then investments, security, decarbonisation. And if the "necessary" contribution requested from banks and insurance companies "is not aimed at weakening them", is the minister's clarification, in healthcare not only "the resources linked to the NHS have not been reduced, but further increases in financing have been envisaged": and this - claims Giorgetti - "is not a result to be considered a given".

What to Watch

AI outlook — possibilities, not facts

  • The agreed amendments will be presented in committee in the Chamber by Tuesday 17th

    Very likely · Within days

  • A balance will be sought between the desirable and the concretely necessary in healthcare, pensions, schools and universities

    Likely · Within weeks

Open Questions

  • ?What specific amendments will be tabled by the 17th?
  • ?What will be the outcome of the negotiations on pensions, schools and exit taxes?
  • ?How will the Regions react to the issue of car tax relief?

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This article was originally published by ANSA Economia.

Quick Look

  • The Minister of Economy Giancarlo Giorgetti sets the limits for the amendments to the budget: changes only if covered and without touching the load-bearing walls.
  • The hearings continue with criticism from Cnel and Upb on fragmented interventions and dispersed resources.
  • Focus on healthcare, pensions, schools and exit taxes.

AI-generated summary

Story signals

News tone
Neutral
Emotional intensity
High
News value
High
Global impact
National
Urgency
Urgent
Follow-up likelihood
Very likely
Relevance window
Weeks

Source & Reliability

Source
ANSA Economia
Story type
Hard news
Source quality
Full
Published
31 minutes ago
View original
maneuver
budget law
amendments
maneuver
Giancarlo Giorgetti
Luigi Marattin
Marco Grimaldi
Ministry of Economy and Finance
Cnel
Parliamentary Budget Office
Intesa Sanpaolo
Room
budget law
amendments
giancarlo giorgetti
healthcare
pensions
school

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