
The Minister of Economy confirms the approval of the Budget for next week and underlines the need for prudence amid increases in prices and interest rates.
AI-generated summary
The Italian government is finalizing the Budget Law in a context of high interest rates and rising commodity prices.
The Minister of Economy spoke in connection with the assembly of the Compagnia delle Opere. “In the budget law that we will approve next week we are waiting for the EU to refine the margin granted by the deviation clause,” he said. On the measures he reiterated: "The blanket is short." He added that "the increase in raw materials prices" and "the increase in interest rates" are having an impact. Again: “I think the Italian position is balanced, a stormy climate is always on the horizon”.
Economy Minister Giancarlo Giorgetti confirmed that the budget law will be approved next week. “We are waiting for the European Union to refine the margin granted by the deviation clause,” he explained. On the measures to be included in the Maneuver, however, he reiterated: "The blanket is short, we must be very careful about how we move." The minister, referring to the different positions in Europe, then underlined: "I think that the Italian position is balanced".
Giorgetti: “Raw materials and debt rates weigh”
Giorgetti spoke via video link at the Compagnia delle Opere assembly. “It's one thing to face the rise in prices of raw materials, it's another to face both this and the increase in interest rates", said the minister. In view of the manoeuvre, he added, "responsibility recommends moving without forgetting the political objectives and the problems of social balance, but also taking into account that the blanket is short and therefore we must be very careful about how we move". With respect to the measures and the various hypotheses that are circulating, Giorgetti specified: "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".
“We are balanced, a stormy climate is always on the horizon”
The Minister of Economy therefore confirmed that the last maneuver of this legislature will arrive shortly. And he added: "With respect to the next budget law, which we will approve next week, we are waiting for the EU to refine the margins and the deviation clause". "As a government – he added – we have brought reflections of pure realism to all international and European forums, 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".
AI outlook — possibilities, not facts
Approval of the budget law by next week.
Very likely · Within weeks

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Economy Minister Giancarlo Giorgetti highlighted the difficulties linked to the increase in interest rates and raw materials in view of the budget, underlining that "the blanket is short".