The first CDM (Council of Ministers) of the Meloni government on economic issues has ended. At the center the approval of the Nadef, the Update Note to the economic and financial document, which outlines the perimeter for the next one Budget Law. Together with the Note, the Government Report to Parliament on the budget adjustment to unlock resources for families and businesses against high energy costs arrived on the table of the CDM. For this, the interventions on the bills will have to wait for next week. "We are able, for 2022, to free up thanks to the extra revenue" from VAT and a "favorable third quarter, around 9 and a half billion which we would like to use on the dear energy“. So said the Prime Minister, Giorgia Meloni, during the press conference at the end of the Council of Ministers, adding that "in total, with the Nadef we identify 30 billion for expensive energy up to 2023".
Green light for Nadef: 2023 deficit at 4,5%, space for 23 billion
In the Nadef, which the executive has updated with the programmatic framework, the GDP growth for 2022 it is forecast at 3,7%, up on the trend in the previous document drawn up by the Draghi government (3,3%). The 2023 GDP is confirmed at +0,6% (against the 0,6% estimated by the Draghi government which had provided only the trend, without the effects of economic policies). As regards instead thenet borrowing the bar is raised: for this year it is set at 5,6% of GDP, compared with a tendential estimate of 5,1%. For next year the deficit programmatic drops to 4,5% of GDP in 2023 (but higher than the 3,4% estimated by the previous government), necessary to counter the risks of an impending recession, to then envisage a drop towards 3,7% in 2024 and the 3% in 2025. This would allow for a margin of maneuvers of 23 billion for next year. Deficit resources that will be the starting point for the budget manoeuvre, the true test of the new government, which has less than two months to approve it, otherwise it will be provisionally exercised. A real race against time.
Il deficit additional will be destined "entirely to contrast the cost of energy". The government also expects "a constant decrease in debt up to 141,2% in 2025", added the Minister of Economy, Giancarlo Giorgetti at a press conference.
Cdm also develops standard on augers
The CDM has approved the law on new concessions to increase gas extraction in Italy, will be contained in an amendment to the Aiuti ter decree law. “We will set up another measure on the subject of energy as an amendment to the current conversion aid decree: the possibility of freeing up some Italian gas extractions by facilitating existing concessions and imagining new ones. We will ask the concessionaires who should join to make available, in exchange, from January between 1 billion and 2 billion cubic meters of gas to be allocated to energy-intensive companies at controlled prices ", Prime Minister Meloni said again at the press conference. “A price to secure the most energy-intensive companies,” she concluded.
The decree on ministries has also been approved
"The CDM has also approved the ministerial decree which contains some news on the denominations we have chosen and which tell what are our priorities in the action of the Government", said the Prime Minister. "I also asked Minister Pienatedosi to be here" to give an overview on the issue of migrants and NGO ships and on what "our interpellations" were on the issue of migrants at European level.
