Il cabinet this afternoon is called to approve the Nadef, the update note of the Economic and Financial Document from which the actual budget maneuver for 2024 will derive.
The numbers may change at the last minute but the political approach is already defined and foresees that, in the face of a slowdown in the economy which will lead to a correction of the growth of 2023 by lowering them from 1% to 0,8%, deficit spending will increase to 12 billion, despite the European Commission's indications of prudence.
Nadef: to finance the maneuver all that remains is the extra-trade deficit
THEextradeficit it is the only solution imagined by the Government to finance the maneuver, to shoulder the abnormal cost of the Super bonus and support the reduction of tax wedge, as there is no consequent cost cut in sight which would have meant cutting the nails of the infinite lobbies and corporations that besiege the state budget.
In this way Melons deviates from the line of reasoned rigor of Mario Draghi but he thinks he can get the green light from Brussels by granting the definitive approval of the Month, the Salvastati mechanism which can be a parachute in the event of financial crises and which Italy is the only country to have not yet approved due to the phobias of the centre-right.
Government: improvisation as a method
For a Government that is used to improvisation - as clearly emerged from the August blitz on theextra tax on banks which has alienated the government from the markets - however, the last word has never been said and only the conclusion of the Council of Ministers will be able to outline the real physiognomy of the Nadef.
