
The Minister of Economy in Bangkok: "We will evaluate selective or generalized interventions. The contribution of the financial system will be sustainable"
AI-generated summary
The Italian government is defining the 2027 budget law, with a focus on Irpef and bank contributions.
The preparation of the 2027 budget is also taking place in Bangkok. And Irpef remains one of the issues still at the center of the debate even after the Dpb numbers. The Minister of Economy Giancarlo Giorgetti returned to the topic when asked on the sidelines of the IMF meetings: «As far as Irpef is concerned, to the extent that all the boxes and pieces of the puzzle these days give space to interventions, the big choice we face is whether to make selective or generalized interventions».
The decision will be collegial. As explained by Giorgetti, in fact, «it is not right for the minister alone to decide, we will evaluate together with the parties, the leaders and President Meloni. Two weeks ago I had an income and expenditure picture, now I'm not optimistic but we're going in the right direction."
Times are tight. «Probably next week the work will be completed» for the Budget law and «we will present it in Parliament, as we know, a very constructive dialogue continues - here too I saw Dombrovskis - regarding the Nec clauses for defense and energy».
Another hot topic is how banks should participate in the maneuver in terms of new revenue for the Treasury. The message from the owner of via XX Settembre is clear: «I confirm that a contribution will be requested from the financial system because we believe it can support it, even in the forms we believe it will be something sustainable». Giorgetti added that "keeping the spread under control is in everyone's interest" referring to the fact that banks have billions of euros of BTPs on their balance sheets.
On the prospect of possible appeals by the banks, the minister commented «all Italians could take the State to court because it increases taxes. We will try to calibrate the right thing to do, I don't think anyone will die."
AI outlook — possibilities, not facts
Presentation of the budget law in Parliament by next week
Likely · Within weeks

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