the very political and spendthrift budget of Giorgia Meloni

by time news

2023-10-16 19:59:14

Giorgia Meloni. AFP / ALFREDO ZUNIGA

The President of the Council announces 24 billion euros in support for businesses and households.

In Rome

Giorgia Meloni goes on the offensive on the budget. After contenting herself last year with resuming the roadmap of her predecessor Mario Draghi, the President of the Italian Council presented, this Monday in the Council of Ministers, her first real budget, that for 2024. ” It is a budget that I consider very serious, very realistic, which concentrates resources on major priorities, despite the complexity of the situation. »she said.

A political act which was eagerly awaited, in particular by the markets which, fearing that too much space would be given to the electoral promises of its coalition, increased, in a few weeks, the 10-year rate gap with Germany, from 175 to more than 200 basis points. Against the backdrop of concerns about the reaction of the rating agencies which, as of next Friday with Standard & Poors, could revise the outlook on Italy’s capacity to repay its debt.

The Prime Minister may show caution…

This article is reserved for subscribers. You have 80% left to discover.

Flash Sale €1.99/month for 6 months

Offer available until October 23. Without engagement.

Already subscribed? Log in

#political #spendthrift #budget #Giorgia #Meloni

You may also like

Leave a Comment