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Doing everything possible for growth-oriented Pact -Meloni

Doing everything possible for growth-oriented Pact -Meloni

'Difficult to make structural changes in absence of new rules'

ROME, 28 November 2023, 14:35

Redazione ANSA

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The government is doing everything possible to ensure that the revised European Stability and Growth Pact under negotiation in Brussels is sustainable and oriented towards growth, Premier Giorgia Meloni said on Tuesday.
    "It would be nice to make the cut in the tax wedge structural," Meloni told labour union representatives summoned to Palazzo Chigi to discuss the 2024 budget bill, referring to the reduction of income tax for low wage earners.
    "However, it is difficult in this precise context when we still do not know the budget rules for the coming years," she added.
    "I think it can be acknowledged that the government is trying hard to reach a new Stability and Growth Pact that is sustainable and oriented more towards growth than stability," said the premier.
    The European Union is in the process of thrashing out the new fiscal rules to be applied across all member states.
    Italy has been dragging its heels amid concerns that the budgetary policy set out in the Pact is too strict and does not allow sufficient room for growth.
   

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