The draft 2024 budget bill worth a
total of just under 24 billion euro presented by the government
of Premier Giorgia Meloni is "reasonable" in so far as it
confirms the requested cut
in the labour-tax wedge for low income earners but it lacks a
stimulus for investment, Confindustria President Carlo Bonomi
said Wednesday evening.
The leader of the Italian industrial employers' association told
Tg2 Post that the budget is "reasonable because it concentrates
available resources on the tax wedge cut that we had asked for".
"What is missing, however, is the part on stimulating
investment, a part that would have been important at a time when
the economy is slowing down," he added.
"We need to be obsessed with growth," he added.
"If we do not grow we do not have the resources to repay our
huge public debt," said Bonomi.
Under the budget bill approved by cabinet on October 16 but only
made available this week the six-percentage-point reduction in
labour tax for those earning up to 35,000 euro and the
seven-percentage-point reduction for those earning up to 25,000
euro will continue to apply, allegedly amounting to an average
increase of around 100 euros a month in the pay packets of 14
million workers.
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