«We will definitely ask for the maximum energy security, that is 0.3% plus 0.3% equals 0.6%. On the defense side, however, we will not take the maximum and will stop at 0.9%.» This was said by the Minister of Economy Giancarlo Giorgetti arriving at the Chamber for communications on the national safeguard clause to request from the Union the possibility to spend the flexibility granted in defense and energy. «The original clause was on defense and was 1.5% per year. What is new is that within this 1.5%, 0.3% per year for a maximum of 0.6% can be dedicated to energy security,» explained the minister.
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Speaking at the Chamber, Giorgetti clarified that excluded from the safeguard clause for energy expenses are «measures that tend to temporarily mitigate the ongoing crisis such as excise duties or direct and indirect subsidies to the private sector that do not lead to a structural improvement».
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EU approval of the clause in October, then the deviation
Regarding timing, the Minister of Economy explained that the European Commission will evaluate the requests on the national safeguard clause «in the month of September, possibly recommending approval to the Council, which should formalize the recommendation at the Ecofin meeting in October. Following this recommendation, even pending the update of the national accounting discipline to the new European economic governance, the procedure provided for by Article 6 of Law No. 243 of 2012 will be used similarly, in order to account for the amount of clauses used and the interventions to which the related resources will be allocated, that is the so-called budget deviation».
Without early exit we could remain in deficit procedure
In his speech, Giorgetti explained that «the complex new procedure provided by the safeguard clauses shows how any final articulation of the plan can only be prepared by looking at the compatibility of the effects of the measures included with all public finance constraints and the evolution of the excessive deficit procedure». In fact, he added, «if the excessive deficit procedure is not closed early in light of a September review of the 2025 data or based on the 2026 deficit final value, a worsening of public accounts in the following years resulting in a deficit above 3% would imply remaining in the procedure until returning below the treaty threshold even if the excess deficit is entirely attributable to expenses in line with the eligibility parameters of the Nec (National escape clause, national safeguard clause, ed.).
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