Italy's low birth rate risks public debt

Italy's Minister of Economy, Giancarlo Giorgetti, warns of risks to public debt due to the nation's declining birth rate, which has reached a historic low. This demographic shift poses challenges for economic growth and financial stability. The minister highlighted a decrease in income declared by taxpayers aged 15-44, alongside an increase in those over 65, indicating an aging population. He projects significant pressure on pension and healthcare spending, with the most impactful effects expected in the 2040s. Giorgetti emphasized the need for policy changes to address the declining birth rate, including potential tax incentives and European coordination on attracting talent. He also discussed the impact on education and the need for a comprehensive approach to migration.