Public Accounts

Manoeuvre, Giorgetti: contribution from banks absolutely right. "On the scrapping in sight reasonable result".

First estimates in the Dpfp: +0.5% trend GDP 2025, +0.7% 2026. The new document to be sent to Parliament by 2 October outlines Italy's main economic indicators

by Rome Editorial Staff

2' min read

2' min read

On the taxation of banks "we are not going to go on a crusade, we will sit down at the table with them and find a way in which they can make a contribution to tax relief, it seems to me absolutely right". This was said by Economy Minister Giancarlo Giorgetti in connection with an electoral event of the League in Pesaro, adding, 'if you look at the balance sheets of the last five years, we see sectors that have suffered heavily from the effects of the crisis on energy costs, and sectors that perhaps due to their skill, such as banking, have made stratospheric profits. I believe that in a system logic, without bullying anyone, it is fair that everyone makes a contribution.

On scrapping in view reasonable result

"The goal is to arrive at fiscal peace, which is the best term in the history of the League. We're working on it, by now we're in sight of a reasonable result that will be useful for those who find themselves in this situation, to make them work for themselves and their companies and contribute according to their possibilities'. Thus again Giorgetti.

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Celebrating ratings and spreads makes sense, resources for important spending

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"It is not that when we celebrate the rating and the lowering of the spread, this does not mean anything. It's simply that if we still had the spread at 250 today, instead of 80, the interest cost would have eaten up not only any possibility of reducing taxes, but also the possibility of financing important expenses such as healthcare,' he said. This was remarked by Economy Minister Giancarlo Giorgetti, speaking by video link to an election event in Marche.

First estimates in the Dpfp: +0.5% trend GDP 2025, +0.7% 2026

A contracting economic trend this year and a slight improvement next year. These would be, according to Ansa, the first indications emerging from the first provisional GDP estimates contained in the Dpfp, the new document that will be sent to Parliament by 2 October and which will outline Italy's main economic indicators. At the moment the tendential growth, i.e. the GDP trend net of future measures, marks +0.5% for this year and +0.7% in 2026.

S&P sees upward figures

The Italian economy would grow by 0.6% this year, in 2026 by 0.8% and the following year by 0.9%. This is stated in the latest S&P Economic Outlook Eurozone, which forecasts growth of 1.1% for the eurozone in the first two years and then 1.4% in 2027. Germany, stagnating at a modest 0.2 per cent in 2025, would accelerate thanks to its massive defence and infrastructure investment plan to 1.1 per cent and 1.6 per cent in the following two years.

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