(ANSA) – ROME, APR 8 – Government sources said Tuesday that GDP growth this year looks like being very limited, with 0.6% the likely result.
Economic growth will be “very limited” this year, said the sources on the eve of the cabinet meeting that tomorrow will examine the Public Finance Document (the old economic blueprint DEF, destined to change its name to DFP).
For GDP, a trend is expected in line with recent estimates by Bank of Italy which indicated an increase of 0.6%.
Anything more that will be done, the executive explains, will have to be implemented by indicating new coverage or in derogation of the current rules.
The next Def will be a “technical” document that will not include the programmatic framework and will not contain indications on the impact of duties or on defense spending, the sources said.
The document, which after a regulatory step will change its name to DFP (Public Finance Document), will comply with the provisions of the 2024 EU Regulation on economic policies and budget surveillance and the 2009 accounting law: it will therefore be divided into only 2 sections and will not include programmatic forecasts. Not a choice, it is explained, but rather compliance with European and national regulations.
photo: Economy Minister Giancarlo Giorgetti (ANSA).
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Economic growth will be “very limited” this year, said the sources on the eve of the cabinet meeting that tomorrow will examine the Public Finance Document (the old economic blueprint DEF, destined to change its name to DFP).
For GDP, a trend is expected in line with recent estimates by Bank of Italy which indicated an increase of 0.6%.
Anything more that will be done, the executive explains, will have to be implemented by indicating new coverage or in derogation of the current rules.
The next Def will be a “technical” document that will not include the programmatic framework and will not contain indications on the impact of duties or on defense spending, the sources said.
The document, which after a regulatory step will change its name to DFP (Public Finance Document), will comply with the provisions of the 2024 EU Regulation on economic policies and budget surveillance and the 2009 accounting law: it will therefore be divided into only 2 sections and will not include programmatic forecasts. Not a choice, it is explained, but rather compliance with European and national regulations.
photo: Economy Minister Giancarlo Giorgetti (ANSA).
Read article…
