“We will prepare a prudent budget law that takes into account the public finance rules,” Giorgetti said at the annual Ambrosetti Forum in Cernobbio.
He added that the government was sticking by the forecast in its DEF economic blueprint of 1 per cent growth for 2023 after Italy’s GDP contracted by 0.4 per cent in the second quarter with respect to the first.
But he also warned of “inevitable external variables” that are “radically changing the picture” saying “this must be taken into account at European level as well’.
Giorgetti defended the government’s controversial windfall tax on the surplus profits being made by banks following the ECB’s interest-rate hikes, while conceding that it could be “improved” during its passage though parliament.
“What I don’t accept is that they say it is an unjust tax. It’s a just tax,” he said.
“I can guarantee that, in the end, in its final form, everyone will be able to appreciate it.”
ANSA
