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No budget deviations says Urso

No budget deviations says Urso

Govt set to improve windfall measures on extraordinary profits

ROME, 27 October 2022, 12:53

Redazione ANSA

ANSACheck

- ALL RIGHTS RESERVED

-     ALL RIGHTS RESERVED
- ALL RIGHTS RESERVED

Business and Made in Italy Minister Adolfo Urso said Thursday that the government will not increase public borrowing to fund measures to help businesses cope with soaring costs and the difficult economic climate.
    "We will not have budget deviations, certainly not for initiatives like this, which are linked to specific circumstances," Urso, a lawmaker for Premier Giorgia Meloni's Brothers of Italy (FdI) party, told Rai television.
    The minister said the government was set to reinforce windfall tax measures on companies that have made extraordinary profits because of energy-price hikes.
    "Energy is an emergency issue," he said at the Salone della Giustizia (justice fair) event.
    "The government intends to better regulate the windfall measure.
    "It will be one of this government's first measures.
    "We'll make it better and with that money it will be possible to support businesses and families in this period of transition to help with the cost of (energy) bills".
    He said this would provide money needed for temporary aid until the EU brings in "more structural measures".
    He also talked about reducing Italy's reliance on imported energy, saying he has never been against drilling for new fossil-fuel supplies or against nuclear energy "when necessary with respect for the environment".
   

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