Italy’s Economy Minister Giancarlo Giorgetti has reaffirmed the government’s commitment to implementing income tax cuts and a tax scheme overhaul, though he emphasized these measures must align with broader fiscal priorities. Speaking at the UDC party’s national festival, Giorgetti acknowledged that international commitments—including defense spending and support for Ukraine—represent significant financial obligations that must be factored into budget planning.
“We are fully aware of our priorities and will consistently adhere to our electoral program,” stated Giorgetti. “We have demonstrated our capability to deliver on our promises.”
The minister highlighted the government’s intention to proceed with “tax relief,” particularly for families and workers, with special attention to large households and expenses related to maintaining family units—including school costs and other essential expenditures.
Giorgetti firmly ruled out the possibility of a corrective budget measure, asserting, “There is no need to correct a course that independent evaluators already consider correct.”
When questioned about potential government intervention in the banking sector, Giorgetti responded that public administrators must carefully evaluate every euro spent, as it ultimately implies a tax burden on citizens. He outlined the government’s efforts to rationalize public spending to reduce taxes overall, while ensuring greater protection for those most in need.
“These are political assessments,” Giorgetti noted. “Decisions will be made only after establishing clear priorities. We must wait two more weeks—I cannot make these choices alone, as I am not a financial dictator. I am a servant of the shared political will of party leaders.”