Premier Giorgia Meloni's cabinet on
Tuesday approved the government's DEF economic blueprint,
sources said.
The document sees Italy's GDP growing by 1% this year, down from
1.2% in the NADEF blueprint it adopted in the second half of
2023.
Economy Minister Giancarlo Giorgetti had said this year's DEF
will be "streamlined" with fewer details about the executive's
future economic plans than in previous years.
On Monday Giorgetti ruled out a supplementary budget despite the
heavy burden left on the public finances by the Superbonus green
building renovation scheme. The programme, introduced by a
previous government led by 5-Star Movement (M5S) leader Giuseppe
Conte in 2020, covered 110% of the cost of certain
energy-efficiency building renovations.
The scheme has been significantly curtailed by the current
government but the cost keeps growing.
As of 31 March, the total burden borne by the state for the
Superbonus exceeds 122 billion euro, according to the latest
monthly data. The cabinet is also set to examine a decree
simplifying the rules for taxes on inheritances.
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