The Italian parliament's UBP budgetoffice said Friday that Italy is not totally in line with the European Commission's key recommendations for 2024, while stressing that the controversial 'Superbonus' subsidy for energy-saving home improvements was to blame.
The UPB said that the uptake of the 'Superbonus', which in its original form made it possible for people to get back 110% of the cost of renovations, had been much higher than expected.
It stressed the limitations that the government has imposed on the scheme will reduce its expected impact on expenditure in 2024.
The super bonus was introduced by the government of ex-premier Giuseppe Conte, now the leader of the opposition 5-Star Movement (M5S), in 2020.
Premier Giorgia Meloni has blasted the measure due to its heavy impact on public finances and reports of extensive fraud.
She recently said that the total cost of the Superbonus "has left us with a hole of 140 billion euros" in the State coffers.
Economy Minister Giancarlo Giorgetti has also been vocal in his criticism of the fiscal impact of the bonus and the way it has limited government leeway for budgetary expansion.
ALL RIGHTS RESERVED © Copyright ANSA