No burden for public finances: on the contrary, the Government is aiming to reduce the debt. The main objective, however, remains the strengthening of growth through a task force to relaunch investments, given that the recovery has slowed down in recent months. This is the message launched by the Minister of Economy, Giovanni Tria, who spoke in the Chamber on Tuesday during the discussion on the new Economic and Financial Document.
“In the interest of the country – Tria assured – it is the Government's intention to act in a way of prevent any burden on public finances".
The macroeconomic scenario of the Def indicates that the debt "would begin a downward trend: an evolution that should not be jeopardized - added the minister - because a decreasing dynamic of the debt-GDP ratio is a necessary condition to strengthen the confidence of the financial markets, confidence that is essential to protect savings and achieve stable growth".
According to Tria, however, the macroeconomic framework contained in the Document launched last spring by the Gentiloni government and "validated by the parliamentary budget office" is based on "obsolete information" and represents "a scenario of moderate growth that economic policy over the next few years will have the task of strengthening".
The update of the Def in September, the minister assures, "will take into account the evolution of the international economic situation", which currently entails less favorable prospects for our country in terms of growth. The recovery, indeed, "continues, but at a slower pace than in 2017".
Tria stressed that "the government's priority objective is to increase the potential growth rate of the economy" by increasing "competitiveness and productivity”. At the same time, "debt remains very high", so it will be necessary to follow a "two-pronged strategy: structural reforms and an endogenous stimulus to growth in order not to suffer passively. This will happen with the relaunch of the investments".
The intention of the government is "reverse the decline in public investment in place since the beginning of the crisis" in the awareness that "the greatest obstacles do not come from the lack of resources", but from the loss of skills at the local level and from the "unintended effects" of the Procurement Code, said the Minister of Economy , announcing that for this very purpose “it will be established a task force within the government".
The minister then confirmed that in the government's economic policy strategy "citizenship income, aimed at countering the pockets of poverty in Italy through non-welfare interventions but through integration into the labor market, will have a central role”.
