Public Accounts, Projects to 2030. 13 billion cuts per year. There is an apron for doctors

Roma – reduce the structural public deficit by half a percentage point of GDP per year; 13 billion, not just for ’25 and ’26, but for the next seven years. Il Medium Term Budget Framework Plan Approved yesterday by the Council of Ministers – the decree against attacks on doctors – will be deposited in the parliament in a few hours, but rumors outline a challenging path for public funds to respect the new ceiling of the growth of public expenditures set by EU rules. The deficit will be 3.3% in 2025 and 2.8% in 2026.Less than 3%, so out of violation procedure. However, to maintain the objectives, deficit reduction must continue at the same pace. It should be taken into account that a new government can change the plan.

A semiconductor factory in Piedmont

This is a “serious, prudent and responsible path, consistent with the approach followed by the government from the beginning,” the Ministry of Economy underlined, after the Council of Ministers, which approved yesterday, among other things, “an important strategic declaration” of interest in one’s project. A semiconductor factory in Piedmont Singapore’s silicon box with 7.3 billion investment over 15 years. Line of prudence

Bonus build weight

The 2024 accounts were no exception to the line of prudence, and the latter still allowed some room for maneuver. The By the end of the year the deficit will be 3.8% of GDPMuch better than expected, 4.3%. “The public finances – the account holder, Giorgetti, told the Federmeccanica meeting – are back under control. After having a disastrous situation to create bonuses, responsibility and reality have brought results, already in ’24, in advance, we must return to the primary surplus,” Giorgetti underlined. Compared to forecasts, the public accounts for ’24 show a surplus of 12 billion, mainly due to higher revenues, which the government has already decided to use in 24 to reduce debt. And debt, which is a real problem for years to come. A stimulus to the economy

Credit is expected to increase

The debt-to-GDP ratio, which will be 134.8% in 2024, “will be conditioned by the weight of Superbonus 110 until 2026, and will start a downward trend from 2027”. The Debt is expected to rise to over 138% of GDP by 2026. From that moment, outside of the delinquency procedure, the loan must be reduced by one point per year. In 2025, net primary spending, however, cannot grow by more than 1.3%.1.6% in 2026, 1.9% in 2027, and then it should decrease to 1.2% by the end of the period. Growth in total GDP projected by the government rises from 1% this year to 1.2% in 2025 and 1.1% in 2026, then settles at lower levels as the plan discounts less than some stimulus to the economy.

Commitment to reduce taxes on earned income

The Minister explained that the 2025 budget law, “starts with wage support, and focuses on priorities”. The first commitment is to reduce taxes on earned income. The Tax wedge cutting and Irbef reliefs of up to 28 thousand euros should be confirmed. “The other priority – Giorgetti added – is support for the birth rate: doing nothing would mean going straight to disaster. There is no future for social security at the current birth rate, but not even for the productive system,” he added, confirming the Transition 5.0 incentive for the whole of 2025. Anti-Corporate Actions

Emergency arrangements for the entry of foreign workers into Italy

The fate of many non-EU citizens entering Italy yesterday morning, thanks to but without significant legal protection, was revealed yesterday morning after months of controversy over the investigation into gangmastering. Council of MinistersOn the proposal Georgia MeloneyInterior Minister Matteo Piandosi, Foreign Minister Antonio Tajani, Justice Minister Carlo Nordio and Labor Minister Marina Calderon began examining the emergency decree. Rules for the entry of foreign workers into Italy, protection and assistance to victims of gangmastering, as well as the management of migrants and international protection.

The ordinance will be approved next week

However, in a speech prepared in recent weeks by the state’s first office, Palazzo Sigi, Sergio MattarellaUnofficially requested changes or improvements. However, the decree must be approved next week.

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