On Wednesday, 14 December, the European Commission deemed Italy’s Draft Budgetary Plan for 2023 to be “in line” with the qualitative fiscal guidance defined in July, whereas the Stability and Growth Pact will remain ‘frozen’ until the end of 2023 due to economic uncertainty.
In particular, the European Commission is of the opinion that the growth in nationally financed public expenditure (whose impact is estimated at 0.9% of GDP in 2023 and 0.6% of GDP in 2024 and 2025, to...