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Italy's economy is expected to grow significantly less than previously forecasted, with a Finance Ministry official indicating a likely expansion of only 0.5% in 2024, aligning with Istat's revised projections. The government's current growth estimate stands at 1%, while Istat has reduced its target from 1.1% to 0.8%.
Economy Minister Gianfranco Giorgetti announced a significant boost to the national healthcare system, with an additional €12 billion allocated over three years, raising total funding from €134 billion in 2024 to €141 billion by 2027. He emphasized the government's commitment to public healthcare and the importance of maintaining fiscal stability to support economic growth and alleviate family burdens amid global uncertainties. Furthermore, he highlighted that health expenditures will remain unaffected by the planned freeze on public employee turnover in 2025.
Economy Minister Giancarlo Giorgetti expressed skepticism about meeting NATO's 2% GDP defense spending target, projecting figures of 1.57% in 2025 and gradual increases thereafter. He also indicated potential upward revisions for Italy's 2024 GDP estimates, citing resilient economic performance and rising employment. Additionally, he announced increased funding for the National Health Service and defended the government's support for lower middle-income families amidst union criticism.
The new Budget Law introduces significant changes for 2025, including a baby bonus of €1,000 for newborns with an ISEE under €40,000, an increase in minimum pensions by just €3, and a tax wedge cut for salaries up to €40,000. Additionally, there are confirmed tax breaks for hiring young people and women, alongside a cap on public managers' salaries reduced to €160,000. The Superbonus credits can now be spread over ten years, benefiting taxpayers with lower tax capacity.
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Inail - Istituto Nazionale Per L'Assicurazione Contro GLI Infortuni SUL Lavoro
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07:20 24.10.2024
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