The Upb, the Parliamentary Budget Office, has sent its reports to the Ministry of Economy findings relating to the macroeconomic trend framework provisional medium-term budgetary structural plan 2025-29, sent last 4 September.
“The Plan, which from this year represents the new programming framework for the public finance, It is characterized by a time horizon of five years, broader than that of the previous programming documents. The procedure will continue in the coming days with the validation process of the trend framework - that is, in the hypothesis of no public finance interventions - and, subsequently, of the programmatic macroeconomic framework that incorporates the effects of the net spending path that will be presented in the PSB", the Upb informs through a note.
On the basis of what is established by the current Italian and European regulations, the Upb is called upon to independent assessment of the Government's macroeconomic forecasts. The aim is to strengthen the forecasting process and limit the risk that overly optimistic estimates of economic performance could undermine the credibility of public accounts. The validation process, as usual, is applied first to trend forecasts and then to programmatic forecasts.
