(ANSA) – ROME, 17 SEPTEMBER – The Council of Ministers examined the outline of the medium-term Structural Budget Plan, introduced as part of the reform of European budget rules. The net spending trajectory included in the Plan, which represents the new single indicator subject to supervision by the Commission, is in line with the expectations of the European authorities. This was announced by the Ministry of the Economy and Finance. In the time horizon considered by the Plan, the growth rate of net spending will settle at an average value close to 1.5 percent. The trajectory is also consistent with the trend of the main public finance balances already forecast in the Stability Program last April. The government continues to pursue “a prudent and responsible fiscal policy, proposing a path to recover from the excessive deficit that is realistically more ambitious than that envisaged by the European Commission through the technical trajectory, committing to dropping the deficit/GDP ratio below the 3% threshold as early as 2026”, the note continues. “After 2026, the proposed path will ensure the stability of Italian public debt and allow public finances to address future challenges more effectively.” The Plan also defines the strategic lines relating to the reforms and investments that the Government intends to implement in the reference horizon, in particular those functional to the extension of the adjustment period from 4 to 7 years. The Plan, the note specifies, includes reforms and investments that continue the path undertaken with the PNRR and update it to act more incisively on challenges such as public administration, justice, improvement of the business environment, tax compliance. (ANSA).
2024-09-17 13:22:18