Europe

Giorgetti Defends Budget Bill, Says Resources Are Targeted

(ANSA) – ROME, 28 November – Economy Minister Giancarlo Giorgetti defended the government’s 2023 budget bill on Monday, saying it is focusing resources where they are most needed.

The package, which features new measures worth 35 billion euros, is about to be submitted to parliament, with around 21 billion euros spent to help homes and businesses cope with soaring energy prices.

The government is committed to “directing resources where they are most needed”, Giorgetti said at the “Lombardy 2030” economic and political forum.

“Since last summer, there has been a high level of uncertainty that seems to spread over the second half of the year.

“It is not only characteristic of the Italian economy, but also of the European and global economies.” The government is trying to “avoid the impact of inflation on businesses and the lives of the most vulnerable families.”

“This is an approach,” he explained – “that requires the utmost diligence by directing available resources to sectors with the greatest need.”

Giorgetti said the budget “necessarily” focuses on current and near-term issues such as the cost of living crisis and energy pressures.

“To limit the impact of the energy crisis and inflation on businesses and families, and to safeguard fiscal sustainability, government action is necessarily focused on the present.

“This is an approach that requires us to intervene with the utmost caution and direct resources to the sectors that are receiving the most attention,” he reiterated (ANSA).

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