A Nationalist government would spend €6 billion to implement its electoral manifesto. According to projections provided by the party, the plan is set to generate GDP contributions of €42.6 billion (direct and indirect) by 2030.
The party said that the spending will be split into three components. €1.8 billion will be relegated to long-term projects whereas €1.4 billion will be an investment growth fund.
A whopping €2.6 billion will be spent on what the party terms as incremental expenditure on areas like health and social measures. The EU would be funding 49% of the €1.8 billion spent on capital and long term infrastructure.
The PN’s Trackless Tram is set to cost €2.8 billion, with part of this cost included in the €6 billion. As for the party’s pledge to create 10 new economic sectors, it is expected to directly generate 32,500 employments with an average salary of €43,000.
The 10 new sectors, which range from AI to the metaverse, will be funded through government allocations, EU funding and public borrowings. According to the Opposition, already excising sectors like online gaming, will receive a boost which will see them contribute €18 billion over an eight year period.
Saying that it is committed to not increasing taxation ratios, the party is projecting that economic growth will result in an additional €2.7 billion in fiscal revenues. A consultive council will play a role in aligning government spending to priority areas.
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