The National Treasury/Financial Department highlights the project

With the aim of protecting public finances, an initiative of the executive branch was implemented for this electoral period. It is a bill in which it is proposed not to increase the rigid expenditures that could overburden the state administration. Official Marco Elisici, Deputy Minister of Financial Management at the Ministry of Finance, highlighted the presentation of the said project.

The scope of the potential legal regulation is intended to put obstacles in the way of any parliamentary initiative to increase stagnant expenditures and reduce tax revenue at election time.

First, it seeks to apply the rules of financial management in periods such as these, when the renewal of various mandates through voting is at stake and, as Elisici notes, arises from interest in initiatives that increase current expenditures and lower taxes.

He added that this may apply to all public agencies. That is, to the officials of the three authorities of the state.

Thus, the law must be applied to executive, legislative, judicial, state (OEE) bodies and entities and state joint stock companies. “It is necessary to take into account the symbolic cases from previous years, which is why this project is required to remain in the next elections. We want public finances to be taken care of in election years,” said Elisici.

In this context, this proposal is advanced within the framework of a consensus of the three powers, as it is assumed that for 15 months it will not be possible to agree to regulations that increase expenditures and reduce tax revenue.

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Finally, it should be noted that “the document states that bills involving salary increases or increases in other current or capital expenditures and projects affecting the tax system, will be suspended for legislative processing and deferred until the end of the electoral period . . . each.”

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