Meloni’s government reportedly plans to raise 2 billion euros by selling Eni shares and thus offset the increase in public debt. The news was conveyed as follows: Bloomberg and states that the sale could reach up to 4% of the state’s shares, but only after the oil company completes its sales plan. take it back It ends in April 2024.
Giorgetti’s meetings at the Davos forum and the privatization plan
Minister of Economy Giancarlo Giorgetti is also at the meeting World Economic Forum He talked about the sale of some state companies or parts of them with foreign funds in Davos. The latest update note of the Economic and Financial Document (Nadef) envisages a privatization plan of around 20 billion euros, equal to 1% of GDP, for companies invested in the government’s economic programmes.
Giorgetti’s Ministry of Economy and Finance (MEF) could raise up to 1 billion euros from the sale of Eni shares. Mef did not comment after the news reported by Bloomberg. Eni’s management announced in one of the last conference calls that it wants to postpone the closing of the treasury share purchase until April 2024.
As can be seen from the latest data on Eni’s share structure, the Ministry of Economy and Finance has a 4.6% share, and Cassa Depositi e Prestiti has a 27.7% share.
According to the government’s plans announced in Nadef, in 2024 and 2025 the debt-to-GDP ratio will fall slightly to 139.9 percent, thanks to “the launch of a plan for the disposal of state shares.”
Source: Today IT
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
