"Since the suspension of the Stability and Growth Pact introduced following the pandemic and extended due to the energy crisis ended at the end of 2023, based on the net debt recorded by Italy last year (7.2% of GDP according to the first Istat estimates) it is obvious that the European Commission will recommend to the Council to open a procedure for excessive deficit against our country as well as several other countries". The Minister of Economy Giancarlo Giorgetti said this during the hearing of the joint budget commissions of the House and Senate on the reform of EU economic governance.
Giorgetti added that the Economic and Financial Document "will shortly be presented to Parliament. Based on the Commission's instructions it will probably have a slightly different shape than in the past, certainly lighter".
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