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Meloni government, the nodes of the PNRR and expensive-energy maneuver



Giorgia Meloni, Roberta Metsola, Ursula von der Leyen, Charles Michel - Photo by Ansa FotoGiorgia Meloni, Roberta Metsola, Ursula von der Leyen, Charles Michel – Photo by Ansa Foto

Giorgia Meloni’s visit to EU leaders showed the will to work together with a collaborative and pragmatic approach. “A strong signal to the European institutions”, commented President Ursula von der Leyen. But that does not negate the fact that on the National Recovery and Resilience Plan and on the energy crisis, many knots remain to be resolved between Italy and Europe.

Changes to the Pnrr

Rome is pushing to change the PNR and have a price cap as soon as possible, while the EU asks for caution on both issues. “The crisis is different from Covid, we are now recommending countries to implement extensive fiscal stimuli. It’s time for prudence in budgetary policies,” underlined the Vice-President of the European executive Valdis Dombrovski.

Expensive bills

The Italian government is not stepping on the accelerator in the face of Europe’s demand for caution, but at the same time it has to deal with the energy emergency that is bringing businesses and families to their knees.

The question of bills remains at the top of the agenda. Despite the reduction in gas prices decided by the Energy Authority, the crisis is not over and an even more difficult year 2023 is expected.

The Meloni government and the finance law

In this sense, the finance law will be the first real test of the new government. There are less than two months left to approve it, on pain of a provisional exercise and an energy maneuver is planned for a sum of no less than 15 billion. “We are in a race against time with the finance law,” said Giorgia Meloni in Brussels.

Superbonus and citizenship income

Work is also being carried out on the revision of the Superbonus 110% and the income of citizenship to try to recover resources. Other recoveries could come from unspent cohesion funds, 4 or 5 billion still being negotiated in Europe.

Today’s CDM

The Meloni government is working on updating the Nadef, the famous note of the economic and financial document, which Minister Giancarlo Giorgetti will present today to the Council of Ministers. In the note of the document on the economy and finances, the GDP should be confirmed at +0.6%. A cautious estimate despite the above-expected growth of +0.5% in the third quarter of this year.

Meloni government: where funds will be taken to help businesses and families

As for the debt, on the other hand, the bar would be raised to 4.5% of GDP. Considering that the trend estimate is 3.4% – but it could be revised – this would open up a space of more than 21 billion by 2023. Shortfall resources could partly finance the next package of aid for families and companies until the end of the year. . The measure is expected in the Council of Ministers next week.

The “treasure” of 9.4 billion left by the Draghi government could increase with an additional dowry ranging from 5 to 9 billion. In light of this, the Meloni government will ask Parliament for permission to use these resources. The Chambers will vote next week.

The aid decree should be endowed with 7 to 10 billion, necessary to extend until the end of the year the tax credits for energy-intensive companies and the rebate on gasoline (which expires on November 18).

The shield for those who can’t pay their bills

Other measures are being examined by the government: they range from strengthening the social premium to the shield for those who cannot pay their bills. A provision on exercises is also under study and unblocks it with an amendment to Dl Aide Ter for mortgages for young people under 36, if only for December.

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