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'We cut taxes, we answer with facts' says Giorgetti

'We cut taxes, we answer with facts' says Giorgetti

Demanding sacrifices from bankers 'not blasphemy'

ROME, 11 October 2024, 13:04

ANSA English Desk

ANSACheck
- ALL RIGHTS RESERVED

- ALL RIGHTS RESERVED

Economy Minister Giancarlo Giorgetti on Friday said the government "cut taxes", speaking via video link at an event organized by Premier Giorgia Meloni's Brothers of Italy (FdI) party titled 'Making Italy grow together'.
    Giorgetti also said "we did it", referring to tax cuts and "now we will make them structural - we answer with facts".
    "I was a member of the opposition for many years, it's great to be in the opposition, but those in government have the responsibility of doing things", said Giorgetti, responding to criticism from the opposition after he said the 2025 budget would require sacrifices from everyone and implied that new taxes would be levied on business profits and personal incomes.
    Giorgetti, who said the draft budget law will be presented to the Lower House on October 20, went on to explain that a statement he made earlier this month about the budget law requiring "sacrifices" had been misunderstood.
    "In front of a meeting of bankers and financiers, I said everybody needed to make sacrifices, including them", referring to a speech he gave at Bloomberg's event Future of Finance Italy, in which he said "we will be approving a budget that will require sacrifices from everyone".
    "It didn't seem to me like blasphemy", he noted.
    He said the budget law would include "touching up the income, between quotes for those who deserve it, but you will see that physical people and companies have nothing to fear".
   

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