Rome, July 22 (LaPresse) – “The claim that defense spending is incompatible with achieving other policy objectives must be disproved, both through a proper definition of the scope of the measures and their distribution over a multi-year period, as well as through the possible use of flexibility instruments within the limits allowed by the current European framework.” This was stated by Italy’s Economy Minister Giancarlo Giorgetti during Question Time in the Chamber of Deputies, responding to a question from the Green and Left Alliance (AVS) on military spending. “I am referring,” he added, “not so much to the SAFE instrument, which is and remains a loan, but rather to the possibility of considering a request for the national safeguard clause, which would require parliamentary approval.” “Italy has obtained the possibility of using flexibility not only for the defense sector but also for the energy sector. This could allow a deviation from the recommended net expenditure path, making it possible to finance additional spending without cutting other areas of the state budget, such as education and healthcare,” Giorgetti concluded.
Defense, Giorgetti: “With Fiscal Flexibility, Additional Defense Spending Without Cuts to Education or Healthcare”
Rome, July 22 (LaPresse) – “The claim that defense spending is incompatible with achieving other policy objectives must be disproved, both through a proper definition of the scope of the measures and their distribution over a multi-year period, as well as through the possible use of flexibility instruments within the limits allowed by the current European framework.” This was stated by Italy’s Economy Minister Giancarlo Giorgetti during Question Time in the Chamber of Deputies, responding to a question from the Green and Left Alliance (AVS) on military spending. “I am referring,” he added, “not so much to the SAFE instrument, which is and remains a loan, but rather to the possibility of considering a request for the national safeguard clause, which would require parliamentary approval.” “Italy has obtained the possibility of using flexibility not only for the defense sector but also for the energy sector. This could allow a deviation from the recommended net expenditure path, making it possible to finance additional spending without cutting other areas of the state budget, such as education and healthcare,” Giorgetti concluded.
