In the upcoming budget, Minister of Economy and Finance Giancarlo Giorgetti stated that there will definitely not be any new taxes, as the government is focused on reducing taxes rather than increasing them. He mentioned that the temporary tax cut will become permanent, and there will be a focus on bringing clarity to the budget document that will be sent to the European Commission on Tuesday. Vice Premier and Minister of Foreign Affairs Antonio Tajani also emphasized that there are no plans for new taxes, highlighting the importance of combating tax evasion and ensuring that all property owners pay their fair share of taxes.
Minister Giorgetti compared the concept of “sacrifices” in relation to the budget to a necessary diet for someone weighing 115 kg, emphasizing the need to cut unnecessary programs to improve the overall health of the economy. He urged his colleagues to consider potential cuts to ensure a balanced budget and emphasized the importance of responsible spending to avoid burdening taxpayers. Giorgetti highlighted the global struggle faced by Ministers of Economy and Finance in balancing budget priorities and reiterated the government’s commitment to reducing taxes rather than increasing them.
In preparation for the budget session, Vice Premier Matteo Salvini announced plans to meet with Minister Giorgetti to defend his budget proposals, indicating the importance of collaboration within the government to address budget priorities. Giorgetti also emphasized the need to allocate more resources to families with children, recognizing that parents of young or school-age children incur additional expenses that deserve better tax treatment. He expressed his hope that the upcoming budget will provide support for families with children to alleviate financial burdens.
Overall, the government’s focus is on reducing taxes, combating tax evasion, and promoting responsible spending to ensure a balanced budget. By making the temporary tax cuts permanent and emphasizing the importance of clarity in budget documents, the government aims to provide support for families with children and address issues related to property taxes and tax compliance. Through collaboration and careful consideration of budget priorities, Minister Giorgetti and his colleagues are working to implement measures that will benefit the economy and promote financial stability for all citizens.
