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West TimelinesWest Timelines
Home»World»Europe»Spain
Spain

The resource knot for the next financial maneuver

September 9, 2024No Comments3 Mins Read
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A working lunch was held at Palazzo Chigi between the Prime Minister, Giorgia Meloni, Deputy Prime Ministers Matteo Salvini and Antonio Tajani, the leader of the Moderates Maurizio Lupi, and the Minister of Economy Giancarlo Giorgetti. This meeting was announced in a joint statement from the center-right coalition. The focus of the discussion was on the Medium-Term Structural Plan, introduced as part of the reform of the Stability and Growth Pact rules that Italy must present to the European Commission by September 20th, and on the Budget Law for 2025. Minister Giorgetti provided an overview of the current state of public finances and the new budget procedures in light of the new European Pact. The leaders reiterated their commitment to continue with a serious and balanced budget policy, building on past successes and exploring new initiatives focused on key priorities such as families, businesses, youth, and birth rates, while putting an end to ineffective bonus programs.

The meeting also touched on the need for Italy to present a Medium-Term Structural Plan to the European Commission by the upcoming deadline. Minister Giorgetti shared insights on the state of public finances and the government’s approach to budgeting under the new European Pact. The leaders emphasized the importance of maintaining a responsible and sustainable fiscal policy, highlighting the need to allocate resources to key areas identified as priorities, such as supporting families, businesses, young people, and encouraging population growth. This signals a shift away from reliance on ineffective bonus schemes towards more targeted investments that yield tangible results.

The leaders of the center-right coalition discussed the need to continue implementing a serious and balanced budget policy, focusing on the Medium-Term Structural Plan and the Budget Law for 2025. Minister Giorgetti provided an update on the country’s financial situation and the new budget procedures in light of the European Pact, reaffirming the government’s commitment to allocating resources efficiently to key areas. The leaders agreed on the importance of consolidating past achievements and exploring new opportunities to address the needs of families, businesses, and young people, while phasing out ineffective bonus schemes. By directing resources towards priority areas, the government aims to promote sustainable economic growth and address pressing social challenges.

Overall, the meeting at Palazzo Chigi underscored the center-right coalition’s commitment to maintaining a serious and balanced budget policy, as well as addressing key priorities such as supporting families, businesses, and young people. Minister Giorgetti provided an overview of the current state of public finances and the new budget procedures under the European Pact, informing the leaders of the coalition about the need to present a Medium-Term Structural Plan to the European Commission by a set deadline. By concentrating resources on identified priorities and moving away from ineffective bonus schemes, the government aims to chart a new course towards sustainable economic growth and social development.

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