The Parliament ha approved majority resolution on DFP 2025 (public finance document), with differentiated texts between the Chamber and the Senate.
A commitment for young people and families was included in the Chamber, instead absent in the version approved by the Senate. These are the yes in the two branches of Parliament: Chamber 176 Yes, Senate 88 Yes.
Discounted GDP estimates
The approved DFP is a more shy text than the initial expectations on GDP: in fact, the already modest growth of GDP growth is halved by dropping it from +1.2% to +0.6% In 2025 due to the well-known geopolitical and commercial variables, such as the war of duties and global conflicts (Ukraine-Russia and Israel-Hamas). And also for the 2026for the same reasons, the forecast was retouched upon falling down to +0.8%.
Despite the difficulties, the executive has chosen the path of caution: the commitment to report the Deficit/GDP ratio Below the threshold of 3% since 2026. An ambitious goal, to be achieved also thanks to the gradual ease of the weight of the Superbonus on public accounts.
Military expenditure
On the node of military expenditure, the Minister of Economy Giancarlo Giorgetti excludes a budget deviation for the moment, while maintaining the goal of the 2% military spending on GDP in line with NATO. In practice, Minister Giorgetti said no to new military expenses without the appropriate covers. But it will be necessary to wait for the next born summit of June, which will be crucial to redefine the balance of the budget in light of the new geopolitical challenges.
Other objectives
On the front of public policies, the DFP commits the government to evaluate measures to strengthen the prevention healthcarepointing in particular on immunization And screeningthat is, systematic prevention and early diagnosis programs on the population. The goal is twofold: on the one hand it is aimed at saving the life of the greatest number of people, on the other hand, with an eye on public finances, it is more convenient to focus on prevention than on long and expensive care. These points are considered fundamental tools to guarantee the country’s social and economic resilience.
Then investments in favor of the local authoritieswith the aim of fighting the marginality social and the degradation through projects of redevelopment.
Young people and family
The point that generated multiple discussions concerns the commitment of the Meloni government on policies for the young and for the families. At the Room A paragraph has been included in which the executive is invited to consider measures to counter the demographic crisis, support maternity and paternity and encourage conciliation between family and work life. The paragraph, however, jumped in the version approved by Senate. The choice also raised criticism within the same majority.
Giorgetti’s enthusiasm
While not being able to participate in parliamentary work because it was engaged in Washington with the International Monetary Fund, Minister Giorgetti, he expressed satisfaction and reiterated the need for prudent management of public accounts
Criticism
Meanwhile, the oppositions and unions are anything but enthusiastic. The CGIL speaks openly of “bankruptcy of government economic policies”, while for Uil there are no structural investments and strategies to face the social transitions in progress.
