Italy's Economy Minister Giancarlo Giorgetti stated that a national election cannot be held in April due to the need to pass regional devolution legislation. He also commented on the country's excessive budget deficit and the fuel excise duty cut.
The minister's statements clarify the government's immediate legislative priorities and fiscal outlook, impacting political timelines and potentially influencing the country's fiscal maneuverability within the EU.
Italy's Economy Minister Giancarlo Giorgetti announced on Tuesday that the country cannot hold a national election in April. He explained that the timing would not allow sufficient time for the government to pass legislation devolving more powers to regional authorities. Giorgetti's comments addressed media reports suggesting Prime Minister Giorgia Meloni might consider elections in April next year, ahead of the autumn 2027 deadline.
Supporters of an earlier election have pointed to the risk of having a government without full powers during the crucial October budget session if elections were held at the end of Meloni's term in September 2027. Giorgetti also commented on Italy's fiscal situation, expressing doubt that the country would exit an EU infringement procedure for its excessive budget deficit this year. The 2025 deficit was reported at 3.1% of GDP in March, marginally above the EU's 3% ceiling, which prevents Rome from leaving the procedure that limits its fiscal flexibility. Giorgetti noted that the deficit figure could still be revised down in September, though he had not given up hope.
Furthermore, Giorgetti stated that the government would not extend the cut in excise duty on fuels beyond the current deadline of July 3. He indicated that the measure, introduced in March in response to energy price shocks, is no longer necessary given the recent downward trend in diesel and petrol prices.
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