Established law ‘, Padoan reassures EU “we are under 3%” – AGI – Agenzia Journalistic Italy

Established law ', Padoan reassures EU "we are under 3%" – AGI – Agenzia Journalistic Italy

October 14, 2014 23:07

(AGI) – Rome, October 14 – Italy will maintain ‘the deficit / GDP ratio to below 3%, complying with the European rules, “we will continue to stand under – said the Minister of Economy, Pier Carlo Padoan at the end of Ecofin – and we will move forward in structural consolidation. ” Padoan said that the President of the Council “has presented some components of aggregate” to a law established ‘that “has yet to be passed,” tomorrow to the Council of Ministers, and “contextually presented in Brussels.” That’s why ‘according to the Minister of Economy,’ and ‘a bit’ too early to say that you have to fix something that is not ‘yet been finalized. ” Figures from the Italian budget for 2015 “are published and updated in the note of Def, including those of the structural deficit” as the minister said Pier Carlo Padoan at the end of Ecofin, with respect to the consistency of the target, “the really matters and ‘the fact that we continue to target a balanced budget, although probably later than the initial commitment assumed in April when the growth projections were 1.1% higher than those of today. ” Since then, in fact, “the macroeconomic environment and is ‘highly degraded,” but “our efforts in the right direction, in three years,” then proceeding’ more ‘slowly’. In any case, Padoan and ‘”confident that our relationship with the Commission is positive, as I have seen here in Luxembourg, we use the flexibility’ in the rules and have an open dialogue as always.” Meanwhile, engineers are working to the latest filings with the text of the law of stability ‘, which will be’ launched tomorrow by the Council of Ministers convened for 15 of the measure should be worth $ 30 billion, as announced yesterday by Prime Minister Matteo Renzi. According to leaks from government circles, the law of stabilita’dovrebbe predict the stabilization of the bonus to 80 euro for income less than 1500 euro per month.
The operation will need 10 billion, of which three are already ‘secured structurally the decree on bonus income tax.
For large families, especially if a single income, then there should be 500 million that will serve to strengthen the deductions. There should be 6.5 billion to entirely eliminate labor costs from the tax base of IRAP. The measure, early yesterday by Renzi, has won high praise of the president of Confindustria Giorgio Squinzi, which he hailed as “the fulfillment of a dream.” One billion euro will serve ‘to zero for three years, contributions from business for new employees indefinitely. At least 1.5 billion should be earmarked to finance new social safety nets provided by the jobs act, which extends the range of beneficiaries of unemployment benefit (Aspi) also to co.co.co. A billion would be allocated to the regularization of temporary teachers and another to unlock the shots seniority ‘of civil servants of the security sector.
To loosen the stability pact’ internal municipalities should be allocated one billion, while 500 million should serve to extend for three years the eco-bonus and the bonus for building renovations. The law established ‘could then allocate 500 million a year for five years to fund the tax credit for investments in research and development. Between 5 and 6 billion should be used to cover the expenses can not be postponed as the so-called 5 per thousand and international peacekeeping missions. “Predictable”, to use the words of the Minister of Labour Giuliano Poletti, that the law established ‘is contained also a measure that provides for the possibility’ for workers to receive severance pay in the paycheck, this is working out a deal with banks that could grant loans at concessional rates to companies whose employees decide to use this option.
Approximately 11.5 billion of the 30 required will be financed using the lever on the deficit, or exploiting the difference between the deficit trend (2.2%) and programmatic (set by the government at 2.9%).
Another 16 billion would come from spending cuts, which will mainly concern the Regions (4 billion) and local authorities (3000000000). More about € 4 billion could come from the close on the expenditure of ministries and about 500 million by cutting the salaries of senior civil servants. Around 2 billion should be obtained from the pruning of the tax expenditure and the rest should be recovered through the one-off non-tax. (AGI).