Italy to tap EU budget leeway for energy and defense
Economy Minister Giancarlo Giorgetti announced that Italy will utilize 0.6% of GDP for green energy investments through 2028 under European Union fiscal escape clauses. The government will also allocate 0.9% of GDP to defense spending, opting not to use the full 1.5% allowance.
Italy will utilize 0.6% of GDP in European Union budget leeway to fund green energy transitions through 2028. Economy Minister Giancarlo Giorgetti confirmed the plan on Wednesday morning to address rising energy costs. The move allows Rome to bypass strict deficit rules while financing critical infrastructure and climate goals.
