Rome, Oct. 3 (LaPresse) – “Persistent geopolitical tensions and ongoing conflicts have significantly increased international instability, with major consequences for price dynamics, household purchasing power, business competitiveness and the security of states. This scenario requires strengthening the resilience of the energy system and defense capabilities.” This is stated in the report to Parliament on the budget deviation of 0.6% of GDP for both 2027 and 2028, signed by Prime Minister Giorgia Meloni and Economy Minister Giancarlo Giorgetti. Taking into account the policy path outlined in the 2025 Policy and Financial Planning Document (Dpfp), which envisaged an annual growth rate of the net expenditure indicator of 1.6% in 2026, 1.9% in 2027 and 1.6% in 2028, the government is asking, through the report, “for authorization to increase the expenditure aggregate by an amount equal, in terms of GDP percentage, to 0.6 for each of the years 2027 and 2028″. The new policy path for the net expenditure indicator, including the use of the aforementioned budgetary room resulting from the activation of the national escape clause, envisages an annual growth rate of 3.3% in 2027 and 1.7% in 2028. In 2029, the indicator is expected to stand at 0.2%.” The government specifies that, net of the expenditure resulting from the use of the escape clause, “the annual growth rate of net expenditure is expected to be 1.9% in 2027, 1.7% in 2028 and 1.5% in 2029, in compliance with the limits set out in the Council recommendation”.
Budget bill, deviation report: “Tensions and conflicts require resilience”
Rome, Oct. 3 (LaPresse) – “Persistent geopolitical tensions and ongoing conflicts have significantly increased international instability, with major consequences for price dynamics, household purchasing power, business competitiveness and the security of states. This scenario requires strengthening the resilience of the energy system and defense capabilities.” This is stated in the report to Parliament on the budget deviation of 0.6% of GDP for both 2027 and 2028, signed by Prime Minister Giorgia Meloni and Economy Minister Giancarlo Giorgetti. Taking into account the policy path outlined in the 2025 Policy and Financial Planning Document (Dpfp), which envisaged an annual growth rate of the net expenditure indicator of 1.6% in 2026, 1.9% in 2027 and 1.6% in 2028, the government is asking, through the report, “for authorization to increase the expenditure aggregate by an amount equal, in terms of GDP percentage, to 0.6 for each of the years 2027 and 2028″. The new policy path for the net expenditure indicator, including the use of the aforementioned budgetary room resulting from the activation of the national escape clause, envisages an annual growth rate of 3.3% in 2027 and 1.7% in 2028. In 2029, the indicator is expected to stand at 0.2%.” The government specifies that, net of the expenditure resulting from the use of the escape clause, “the annual growth rate of net expenditure is expected to be 1.9% in 2027, 1.7% in 2028 and 1.5% in 2029, in compliance with the limits set out in the Council recommendation”.