MADRID, 5 Nov. (EUROPA PRESS) –
The Prime Minister of Italy, Giorgia Meloni, announced late this Friday a package of 30,000 million euros to help families and businesses to save as much as possible the rise in energy costs.
A third of this figure will be specifically allocated to aid while the other additional 21,000 million euros will be incorporated into the 2023 General Budgets, as announced in the Nadef review, the Financial Economic Document, approved yesterday in the Council of Ministers.
To finance the measures, Meloni and his government team intend to take on additional debt next year at the expense of a 4.5 percent deficit instead of the forecast 3.4 percent, according to Economy and Finance Minister Giancarlo Giorgetti. who expects the percentage to drop to 3 percent in 2025.
In a press conference reported by ‘La Repubblica’, the Prime Minister and the Minister of Finance acknowledged that the country is facing the threat of economic recession but clarified that Italy’s is not an exceptional case.
“Many parties at the world and European level are mentioning it. It could also touch Italy. We are prepared to face these risks, that is why we present ourselves to Parliament with a responsible attitude,” Giorgetti explained.
At the same time, the Italian Minister of Energy, Gilberto Pichetto Fratin, has announced expansion plans for extractions from natural gas deposits off the coast of Italy. Specifically, he estimates an additional extraction of 500 million cubic meters of gas in the short term, which would increase to 15,000 million cubic meters over the next 10 years.
