AND’ Truth operations regarding the 2026 maneuver issues are expected to occur at the majority summit today or tomorrow. Meanwhile, Italy, which has been promoted with a rating increase by Moody’s, has received the green light from the European Union Budget Law Commission.
From our understanding, the meeting could be held as early as today, Wednesday 26 November, or more likely tomorrow, perhaps before the Council of Ministers. However, as pointed out by Deputy Minister of Economy Maurizio Leo, en this week the most difficult changes must be completedfrom banks to short-term rentals. Any delay would impact hearings in the Senate Budget Committee, extending the timeline for a final vote to more than a month from the Dec. 31 deadline.
On the change front, it is communication about unacceptable amendments in committee expected yesterday was postponed until 9 this morning. For each amendment removed and for content or coverage, each group can still submit other modification proposals, Fratelli d’Italia rapporteur Guido Liris said. Once permission is received on the file of 414 reported amendments, it will be verified whether “some more important amendments from both the rapporteur and the government but of course with Parliament’s protagonist” can be added, Liris said again.
The main problem that must be resolved
The main problem with unchanged balance changes is actually a coverage issueespecially as the government’s prudent budget policies are getting promotion from Brussels. “The Italian government’s efforts to reduce the budget deficit below 3% of GDP this year will be enough to exit the excessive deficit procedure” next spring, said EU Commissioner Valdis Dombrovskis. However, GDP weakness remains, at +0.4% for the EU Commission this year. Italy “must undertake growth-enhancing structural reforms”, he underlined.
Regarding the support provided to the economy by EU funds, “the recovery and resilience mechanism (which feeds the Pnrr, ed.) is an important boost for the Italian economy in absolute terms. Italy is the main beneficiary, therefore it is also important to guarantee a gradual transition, as we are faced with the end of the recovery and resilience mechanism, towards a stronger use of cohesion financing to support the level of public investment”, he explained. Meanwhile The EU’s green light for the Pnrr revision is expected to be given on Thursday which should generate more than 5 billion euros worth of oxygen for the Budget Law intervention.
