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This article was published April 20, 2016 at 8:02.
the last change is the April 20, 2016 at 08:04 hours.
ROME – It will take measures for greater flexibility in retirement with the upcoming law of balance? The question comes almost at the end of Pier Carlo Padoan hearing before the Budget Committees of the House and Senate. In Document of Economics and Finance, the subject of interventions yesterday ahead of the parliamentary vote which will authorize another year postponement of the structural break even, it is said very little on the topic. The Def 2016, says the minister, “the discussion refers to the coming months.”
And now it reiterates that the pension system is “one of the pillars of the Italian system and is recognized at European level: we are a country with a high debt and this is a fundamental value. ” In those circumstances, he adds Padoan, the margins for thought there. “We are both on the instruments that the incentives and the links between the labor market and pension system to improve opportunities for those who are about to retire or need to enter the world of work.” The Minister’s reply goes a little further: “I am definitely in favor of a complex reasoning and are definitely open to complementary sources of funding that can be studied.”
The work of the next few months will tell us what, sustainable solution for complex public finance balances, will the Government. Solution once again advocated yesterday by President of INPS, Tito Boeri: greater flexibility in output is “now and not in five years,” he said the economist returning to connect facilitating the outputs to help new hires after presenting data according where the generation of 1980 is likely to retire with a delay of five years, bringing to 75 years of age because of gaps in funding related to job insecurity. While the operation “orange envelope”, or INPS information on future pensions that starts this week with 150 thousand expeditions, recalled the “many obstacles”: “There was – said Boeri – fear in politicians, fear that giving this information the may penalize. ” On the subject of pensions has also spoken Undersecretary to the Prime Minister, Tommaso Nannicini, according to which the intervention of which must reason must be “System” and include a mix of measures: the tax considerations and governance of the second pillar of supplementary pensions and the relationship between first and second pillar. You must think on flexibility, added Nannicini, taking place “for the funding, with an effort of creativity and market solutions ‘next to the’ public effort.
Returning hearing on Def Minister Padoan after recalling the international macroeconomic framework that makes weaker the economy, he noted that in the first quarter of 2016 “growth appears to have regained momentum” and will strengthen. In this view, the Government’s commitments are all confirmed: greater fiscal tightening at this stage would be inappropriate and the deviation of the structural balance is not significant, therefore “compatible with the provisions of the preventive arm of the Stability and Growth Pact.” For 2017 is confirmed on VAT clauses of full disengagement (worth 0.9% of GDP) with “an alternative maneuver” through actions of “spending review and combating tax evasion and tax avoidance.”
Finally, the priority of the public debt: “I confirm that we expect a turnaround,” he said, which will also be guaranteed with the anticipated privatization plan. “Italy – said Padoan – is the country that has had the most lasting primary surplus over time the euro zone with a constant positive value. But it is not the only reason for which the debt falls. The other reason is the nominal growth. And the government pursues a consistent policy of tax reduction to government budgetary constraints. “
In this sense Padoan also responded to a question on the possibility of introducing a digital tax, required within the majority is in the interest of the Government, he said, “it is a complicated tax but we are also considering this issue.”
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