Budget law, Giorgetti: «We are waiting for the EU margins». And he warns: «The blanket is short»

The budget law enters the decisive week, but the government has yet to understand how much space it will actually have available.

The Minister of Economy Giancarlo Giorgetti indicates the issue: before closing the maneuver, which will be approved next week, the executive awaits the definition of the financial margins from Europe.

In the background weigh the Italian public debt, the increase in interest rates and a geopolitical situation that continues to have effects on the economy.

The Mef's line remains that of prudence: political objectives must be pursued, but taking into account that "the blanket is short".

«With respect to the next budget law that we will approve next week, we are waiting for the EU to refine the margins and the conflict clause».

The owner of the Economy is peremptory in a video message sent to the assembly of the Compagnia delle Opere.

The minister claims the line followed already by Italy: «As a government we have brought reflections of pure realism to all international and European fora, where in some cases they have not considered us prudent but spendthrifts.

I think that the Italian position is balanced and I hope that it will also be always balanced in the medium-term future because the stormy climate is always on the horizon and, therefore, this is what in my opinion must be done".

The measures of the maneuver will be defined shortly.

«In the next few days the very targeted and reasoned things that we have discussed within the government in recent days will become public, each of the components has their own sensitivities» but «the route must be safe».

However, according to the Minister of Economy, the international framework requires "calibrating" the government's objectives.

Giorgetti speaks of "complicated days" and directly links economic policy choices to the worsening of geopolitical tensions.