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The Government presents the medium-term measures of its economic strategy

After the immediate package, the government is focusing on innovation, green transition, and sustainable industrial development, seeking to combine tax equity and competitiveness

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August 5666

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ROMULA - After the package of immediate measures of last years to accompany the fiscal reform, the Moccia government is moving on to the medium-term measures of its economic strategy. This comprehensive program is designed to consolidate the effects of the tax reform and translate them into real growth, stable employment, and sustainable innovation. Above all, it demonstrates the government's forward-looking approach, well beyond the next elections and, indeed, it outlines a decades-long vision, some observers say.

A key element of this second phase will also be the involvement of the ''National Council for Economy, Labor, and Social Affairs (CNELAS)''. Called upon to play a permanent coordination and monitoring role, as well as a forum for ongoing dialogue between the government, businesses, unions, social groups, and consumers, it will be responsible not only for providing technical opinions but also for evaluating the concrete effects of the measures and proposing shared adjustments.

According to the Minister of Economy, National Industry and Trade, the goal is:

To build an environment in which redistribution, competitiveness, and development are not in conflict but rather mutually reinforcing, ushering in a new era of investment and trust.

The main medium-term initiatives include:

1. Structural incentives for productive investments

Strengthening tax credits for companies investing in research and development, digitalization, and decarbonization projects.

Extension of fiscal stability clauses up to ten years for those creating skilled jobs, particularly in strategic sectors related to innovation, healthcare, and the energy transition.

Monitoring of the impact on investments is entrusted to CNELAS, which will also evaluate the effectiveness of incentives for SMEs.

2. Public-private fund for strategic projects

State co-financing of major projects considered fundamental to technological and energy sovereignty: renewable energy, advanced technologies, critical infrastructure.

The goal is to attract foreign and domestic capital into long-term investments, reducing speculative transactions.

CNELAS will serve as a consultation forum between institutions and large investors to ensure transparency and balanced project selection.

3. Support for cooperatives and the social economy

Tax incentives and privileged access to public tenders for agricultural and industrial cooperatives.

Promotion of sustainable and inclusive production models, consistent with environmental and welfare programs.

CNELAS will be responsible for maintaining and updating the collective bargaining agreement database, also focusing on cooperatives and second-level bargaining.

4. Training and human capital

Retraining programs for workers in sectors undergoing transformation (traditional manufacturing, heavy industry, energy).

Creation of permanent networks between universities, research centers, and businesses to develop high-level skills and strengthen skilled youth employment.

CNELAS will monitor and evaluate labor market trends and public training policies.

5. Strengthening digital infrastructure and bureaucracy

Unification and integration of all digital offices and portals into the new single national portal "ImpresaSemplice".

Improvement of the national logistics network and essential public services, key elements for maintaining attractiveness to capital and businesses.

According to the Minister of Economy and Industry, the measures pursue four major objectives:

• Ensure that the redistributive effects of the tax reform do not compromise competitiveness and growth;
  

• Increase employment and productivity in strategic sectors;
  

• Strengthen the green and technological transition as a lever for sustainable development;
  

• Create a stable and predictable environment for investors, reducing capital flight and strengthening confidence.
  

The Minister also emphasized that:

CNELAS will be the guarantor of social dialogue and constant monitoring: we do not want these measures to remain on paper, but rather to have a real and shared impact.

This demonstrates the government's commitment to developing the body and making it the fulcrum for coordinating the country's economic and labor policies.

The opposition parties reiterated their skepticism, already expressed regarding the package of immediate measures:

In a joint press release from PNL and D&L, they commented on the measure as follows:

The incentives are too selective and don't offset the overall impact of high taxes. The risk is that only large groups, multinationals, or high-tech companies will benefit from the incentives, leaving out small and medium-sized businesses. And when they were in opposition, they were the ones who accused us of giving gifts to businesses.

The majority, however, responded firmly, particularly applauding the speech by PSD Congresswoman Laura Solia:

The government, this government, does not give gifts to friends and lobbies who promise support and... resources. The government is working, seriously, with a vision, to reconcile the objectives of equity and social justice with a favorable environment for investment and projects. But, and let me say this, the government is doing all this to counter those phenomena that, despite what you may say, are inherent in the savagely capitalist system you support, phenomena such as delocalization, capital movement, tax evasion... behind which lies a greed and selfishness that you extol, endorsing and promoting inequality, social disintegration, and the impoverishment of general living conditions. But these, and this is the crux of the matter here, are measures that are the prerogative of large corporations and multinationals, certainly not small or medium-sized businesses, and it is natural and responsible that the government also work in this direction to discourage such phenomena, detrimental to society as a whole.

The business community, however, while appreciating the commitment to strengthening institutional dialogue, expressed concerns about the overall plan, also focusing on small and medium-sized enterprises.

A representative explained:

We welcome the strengthening of tax credits for R&D and the idea of a public-private fund, which could mobilize significant resources. However, the underlying problem remains the overall tax burden: too many businesses, especially small and medium-sized ones, risk having neither the financial capacity nor the stability necessary to access these tools.

And again:

The green and digital transition must not become a luxury for a few large groups. We need a parallel plan that also supports those who, throughout the country, provide employment and added value.

While the government aims to achieve a medium-term turning point, criticism from the opposition and concerns from the business community highlight the risk of a fragile balance: an ambitious plan that must demonstrate, in practice, the ability to reconcile redistribution and competitiveness, industrial vision and entrepreneurial freedom.

Recognizing this, the government has placed significant emphasis on CNELAS, placing it at the center of the new institutional architecture. Its task is to ensure that this balance is not only proclaimed, but also built day by day, and above all with a unified and integrated vision. The government hopes that this balance will be the shared outcome of the meeting and discussion of the main social partners and stakeholders.