Giorgetti: flexibility for inflation was obvious, let's see the Commission

The request for flexibility linked to inflation "was obvious. We made some reflections" on a "purely technical" issue which however becomes substantial, that is, the spending path is a nominal spending path. We are respecting it, we are among the best. But the problem is that it contains an inflation rate which was programmed at the time by the Commission, evidently much lower than what occurred". Thus the Minister of Economy Giancarlo Giorgetti, arriving at the Chamber. With the current inflation rate "that spending path, given that there are items in the budget that are indexed to inflation, becomes difficult to maintain, but not for us, for everyone".

The current inflation rate "should in some way be considered among the external factors. The famous relevant factors that are written there should be evaluated in this circumstance. It is a discussion that we have had with colleagues, I have also exchanged opinions with others. Let's see what the Commission will say".

The next maneuver will be "serious", reiterated Giorgetti. To those who observe that Deputy Minister Maurizio Leo spoke of a "difficult" maneuver, he simply replies that "I don't read newspapers, but you always read them...".

"With all sincerity I must tell you it will be a difficult budget law. Due to the effect of inflation, due to the maintenance of public accounts, due to the effect of the public debt at the moment in which we go to issue the securities", states the deputy minister of Economy, Maurizio Leo, in a meeting with the executive board of Confartigianato.

"You have seen the spread, we have always kept it under control and due to the increase in energy it is reaching 100. We hope that the European Union understands this situation and comes to our aid, gives us more flexibility and this gives us a little more oxygen in making more targeted interventions", adds Leo.