On the budget law “work will probably be completed next week and we will present it to Parliament, as we know, a very constructive dialogue continues – here too I saw Dombrovskis – regarding the Nec clauses for defense and energy”. The Minister of Economy, Giancarlo Giorgetti, said this on the sidelines of the IMF meetings in Bangkok.
“As far as Irpef is concerned – continues the minister – to the extent that all the boxes and pieces of the puzzle these days give space to interventions, the big choice we face is whether to make selective interventions or generalized”https://gazzettadelsud.it/articoli/economia/2026/10/16/manovra-verso-il-parlamento-giorgetti-conferma-il-contributo-dalle-banche-sara-sostenibile-non-morira-nessuno-53d3626d-5025-4564-91ca-525d353d5ecd/.”It’s not right let the minister decide – he specified – we will evaluate together with the parties, the leaders and President Meloni. Two weeks ago I had an income and expenditure picture, now it’s not that I’m optimistic but we’re going in the right direction”. And again: “We have decided to continue on a path built in recent years of renewed credibility of public finance, sustainability and debt, credibility which is measured in a tangible way here”, Giorgetti then explained while speaking to journalists. “Italy must face this eventuality, this risk, with its cards in order. If we were caught the damage would be serious.”
“I confirm that a contribution will be asked from the financial system because we believe it can support it, even in the forms we believe it will be something sustainable”, added Giorgetti, commenting on the rumors of a new levy on the banks to finance the maneuver. Giorgetti underlined that “keeping the spread under control is in everyone’s interest”, referring to the fact that banks have billions of euros of BTPs on their balance sheets. Furthermore, when asked about possible appeals from the banks themselves, the minister commented that “all Italians could take the State to court because it increases taxes. We will try to calibrate the right thing to do, I don’t think anyone will die”.